European markets remain cautious ahead of key U.S. numbers due this week

[A world globe with many pins in different global locations]
Richard Drury

London (UKX [https://seekingalpha.com/symbol/UKX]) +0.14% to 9,235.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) -0.36% to 23,721.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) +0.26% to 7,735. Industrial production in France declined by 1.1% M/M in July.

Foreign exchange reserves in the Czech Republic increased to $165.3 billion in August.

The Norwegian krone was little changed at 10.0 per USD, hovering near its strongest level since mid-June.

The annual inflation rate in Hungary rose 4.3% in August.

Producer prices in Norway dropped 3.0% Y/Y in August.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] turned 0.09% higher at 552.5, extending gains into a second session, while keeping a close watch on France’s deepening political turmoil, after yet another prime minister lost a confidence vote on Monday. Investor remained cautious ahead of key U.S. economic data due this week.

The euro held above $1.17, hovering near its strongest level since late July, after French Prime Minister François Bayrou was ousted.

On the corporate front, Novartis (NVS [https://seekingalpha.com/symbol/NVS]) said it will acquire [https://seekingalpha.com/news/4493234-novartis-to-acquire-tourmaline-bio-in-14b-all-cash-deal] biopharmaceutical group Tourmaline Bio, Anglo American (OTCQX:AAUKF [https://seekingalpha.com/symbol/AAUKF]) reached a merger deal with Canada’s Teck Resources.

IN THE BOND MARKET, the U.S. 10-year Treasury yield was up 3 basis points to 4.07%.

Germany's 10-year yield was up 3 basis points to 2.67%.

UK's 10-year yield was up 3 basis points to 4.64%.

CURRENCIES: (EUR:USD [https://seekingalpha.com/symbol/EUR:USD]) (GBP:USD [https://seekingalpha.com/symbol/GBP:USD]) (CHF:USD [https://seekingalpha.com/symbol/CHF:USD])

ETFS: (NYSEARCA:EWG [https://seekingalpha.com/symbol/EWG]), (NYSE:GF [https://seekingalpha.com/symbol/GF]), (NYSEARCA:EWI [https://seekingalpha.com/symbol/EWI]), (NYSEARCA:EWQ [https://seekingalpha.com/symbol/EWQ]), (NASDAQ:FGM [https://seekingalpha.com/symbol/FGM]), (NASDAQ:DAX [https://seekingalpha.com/symbol/DAX]), (NYSEARCA:FLGR [https://seekingalpha.com/symbol/FLGR]), (NYSEARCA:FXB [https://seekingalpha.com/symbol/FXB]), (NYSEARCA:EWU [https://seekingalpha.com/symbol/EWU]), (NASDAQ:FKU [https://seekingalpha.com/symbol/FKU]), (BATS:EWUS [https://seekingalpha.com/symbol/EWUS]), (NYSEARCA:FLGB [https://seekingalpha.com/symbol/FLGB]), (NYSEARCA:GREK [https://seekingalpha.com/symbol/GREK])

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