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London (UKX) +0.40% UK’s GDP expanded 0.70% in Q1 2024
Germany (DAX:IND) +0.26% Germany’s unemployment rate rises to 6% in June
France (CAC:IND) -0.53% France inflation drops to 2.1% in June; Household consumption in France rose by 1.5% month-over-month in May 2024.
Spain’s annual consumer price inflation rate eased to 3.4% in June 2024.
Switzerland’s leading KOF economic barometer edged up to 102.7 in June 2024.
The Czech Republic GDP expanded 0.2% quarter-on-quarter in Q1.
Sweden’s trade surplus soared to SEK 11.9 billion in May 2024.
Retail sales in Norway advanced 3.2% M/M in May 2024.
The unemployment rate in Hungary rose to 4.4% in March-May 2024.
Inflation expectations In the Euro Area decreased to 2.80%in May from 2.90% in April 2024.
The pan-European Stoxx 600 (STOXX) moved 0.14% higher, with most sectors trading in red, media stocks rise, while retail shed. The index lost about 1.5% in June. Investors see a slowdown in inflation in both France and Spain and await U.S. inflation numbers expected later in the day.
Coming up in the session: No major events lined up on the European front; however, investors will be closely watching France parliamentary elections this weekend.
In the bond market, the U.S. 10-year Treasury yield was up 2 basis points at 4.30%.
Germany’s 10-year yield almost flat at 2.45%.
U.K.’s 10-year yield was up 1 basis point to 4.15%.
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