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Reading: European markets recede following market sentiment (EUR:USD)
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News Junction > Blog > Business > European markets recede following market sentiment (EUR:USD)
European markets recede following market sentiment (EUR:USD)
Business

European markets recede following market sentiment (EUR:USD)

Published August 8, 2024
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da-kuk/E+ via Getty Images

London (UKX) -1.08%

Germany (DAX:IND) -0.67%

France (CAC:IND) -1.03%

Austria posted a trade surplus of EUR 0.003 billion in May.

The Czech unemployment rate edged up to 3.8% in July.

The pan-European Stoxx 600 (STOXX) moved 0.96% lower, as the market failed to sustain a comeback from the recent sell-off and traders continue to assess the economic and monetary outlook.

Investors digested earnings reports from major German companies, like Siemens (OTCPK:SIEGY), Deutsche Telekom (OTCQX:DTEGY), and Allianz (OTCPK:ALIZF).

Coming up in the session: A lighter calendar on the economic front.

In the bond market, the U.S. 10-year Treasury yield was flat at 3.91%.

Germany’s 10-year yield was down 4 basis points to 2.23%.

U.K.’s 10-year yield was down 2 basis points to 3.94%.

Currencies: (EUR:USD) (GBP:USD) (CHF:USD)

ETFs: (EWG), (GF), (EWI), (EWQ), (FGM), (DAX), (FLGR), (FXB), (EWU), (FKU), (EWUS), (FLGB), (GREK)

#European #markets #recede #market #sentiment #EURUSD

TAGGED:EuropeanEURUSDmarketMarketsrecedeSentiment
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