European markets in green with economic releases lined up

Published 2 months ago Positive
European markets in green with economic releases lined up
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London (UKX [https://seekingalpha.com/symbol/UKX]) +0.19% to 9,165. UK monthly GDP growth accelerates to 1.4% Y/Y in June. [https://seekingalpha.com/news/4485125-uk-monthly-gdp-growth-accelerates-to-14-yoy-in-june]The British pound changed hands at $1.588, the highest in around five weeks, after UK GDP beat forecasts. UK construction orders plunged 11.9% Y/Y in Q2. The UK trade deficit widened to £5.01 billion in June.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +0.36% to 24,272.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) +0.35% to 7,832. France inflation steady at 1% in July. [https://seekingalpha.com/news/4485124-france-inflation-steady-at-1-in-july#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Anews_title]

Slovakia’s economy grew by 0.4% Y/Y in Q2.

Hungary's construction output increased by 2.6% Y/Y in June.

Sweden’s annual inflation rate inched up to 0.8% in July.

Industrial production in Hungary dropped to 4.9% Y/Y in June.

Switzerland’s producer and import prices declined by 0.9% Y/Y in July.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] added 0.25% to trade around 552 on Thursday, marking a third straight session of gains and trading near one-month highs. Investors remained focused on economic data, corporate earnings, and geopolitical developments, with leaders Trump and Putin set to meet tomorrow.

COMING UP IN THE SESSION: Euro Area GDP expected shortly.

IN THE BOND MARKET, the U.S. 10-year Treasury yield was down 2 basis points to 4.22%.

Germany's 10-year yield was down 2 basis points to 2.67%.

UK's 10-year yield was down 1 basis point to 4.58%.

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

* DAX: German Stocks Losing Momentum, But Support In Play [https://seekingalpha.com/article/4808644-dax-german-stocks-losing-momentum-support-in-play]
* U.S. Dollar Signals The Death Cross (Technical Analysis) [https://seekingalpha.com/article/4806278-us-dollar-signals-the-death-cross-technical-analysis]
* EWU: Why UK Stocks Could Beat The S&P 500 The Next 3-5 Years [https://seekingalpha.com/article/4806067-ewu-why-uk-stocks-could-beat-the-s-and-p-500-the-next-3-5-years]
* UK monthly GDP growth accelerates to 1.4% YoY in June [https://seekingalpha.com/news/4485125-uk-monthly-gdp-growth-accelerates-to-14-yoy-in-june]
* European indexes in green as global sentiment improves after U.S. inflation [https://seekingalpha.com/news/4484411-european-indexes-in-green-as-global-sentiment-improves-after-us-inflation]