European indexes mixed as investors prepare for ECB decision due later today

Published 2 months ago Neutral
European indexes mixed as investors prepare for ECB decision due later today
Auto
[Global Business Strategy on Digital Display]
Tom Werner

London (UKX [https://seekingalpha.com/symbol/UKX]) +0.47% to 9,269, bouncing back from a small loss in the previous session.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) -0.10% to 23,612, trading near the flatline.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) +0.33% to 7,787,

Kosovo’s annual inflation rate rose to 4.5% in August.

Sweden’s annual inflation rate rose to 1.1% in August.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] turned 0.10% higher at 552.9, as investors awaited European Central Bank's key interest rate decision. ECB is widely expected to hold interest rates unchanged [https://seekingalpha.com/news/4493743-ecb-set-to-hold-rates-at-2_00-percent-amid-tariff-uncertainty-and-stabilizing-inflation] for a second consecutive meeting on Thursday, as policymakers maintain a cautious “wait-and-see” approach

COMING UP IN THE SESSION: ECB interest rate decision due in a few hours today.

IN THE BOND MARKET, the U.S. 10-year Treasury yield was up 2 basis points to 4.06%.

Germany's 10-year yield was up less than 1 basis point to 2.66%.

UK's 10-year yield was down less than 1 basis point to 4.63%.

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])

MORE ON EUROPE

* EUR/USD Breaks Channel As Rate Cut Bets Ramp Up... Potential 370 Pip Rally Incoming? [https://seekingalpha.com/article/4820120-eur-usd-breaks-channel-as-rate-cut-bets-ramp-up-potential-370-pip-rally-incoming]
* The Second Inflation Mountain: Real Risk Or Overblown Fear? [https://seekingalpha.com/article/4819109-the-second-inflation-mountain-real-risk-or-overblown-fear]
* EUR/USD Price Steadies As Traders Weigh Politics And U.S. Data Risks [https://seekingalpha.com/article/4816909-eurusd-price-steadies-as-traders-weigh-politics-and-us-data-risks]
* European markets close slightly lower ahead of ECB's monetary policy meeting [https://seekingalpha.com/news/4493597-european-markets-positive-as-investors-evaluate-trade-discussions]
* France faces fiscal strains and political paralysis [https://seekingalpha.com/news/4493726-france-faces-fiscal-strains-and-political-paralysis]