European indexes rebound amid optimism over U.S. shutdown resolution

[Global Business Strategy on Digital Display]
Tom Werner

London (UKX [https://seekingalpha.com/symbol/UKX]) +0.47% to 9,728.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +1.22% at 23,857.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) +0.85% to 8,017.

In other parts of Europe, Denmark’s annual inflation rate eased to 2.1% in October. Denmark’s seasonally adjusted goods and services trade surplus rose to DKK 33.5 billion.

Industrial production in Austria fell 1.7% Y/Y in September.

Romania’s trade deficit narrowed to €2.5 billion in September.

Producer prices in Norway fell 6.9% Y/Y in October. Norway’s annual inflation rate eased to 3.3% in October.

Household spending in Sweden rose 0.3% M/M in September.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] climbed 0.97% to 570.3, rebounding from three-week lows reached last week, amid optimism that the prolonged U.S. government shutdown. Sentiment improved after eight Democrats joined nearly all Republican senators to advance a bipartisan deal, passed 60–40, that would reopen the federal government and fund it through the end of January.

Besides, Gold climbed 2% to $4,080 per ounce, hovering near its highest level since October 24, driven by growing expectations of a Federal Reserve interest rate cut in December.

IN THE BOND MARKET, the yield on the US 10-year Treasury was up 5 basis points to 4.14%.

UK's 10-year yield was up 2 basis points to 4.49%.

Germany's 10-year yield was up 2 basis points to 2.69%.

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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