European markets in red as investors stay cautious

[World Map on digital display]
da-kuk/E+ via Getty Images

London (UKX [https://seekingalpha.com/symbol/UKX]) -0.01% to 9,215.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) -0.58% to 23,501.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) -0.28% to 7,831.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] turned 0.17% lower to 553.2, as investors stayed cautious ahead of flash PMI readings for Europe’s largest economies and the U.S. Speeches from ECB and Fed officials that could provide further policy signals. The euro steadied just above $1.17, hovering near last week’s four-year high of $1.192.

The EU has proposed accelerating its ban on Russian gas imports by one year, aiming to phase out liquefied natural gas purchases from Russia by January 2027.

On the corporate front, telecoms, automakers, and banks were among the biggest decliners.

IN THE BOND MARKET, the U.S. 10-year Treasury yield was down 1 basis point to 4.13%.

Germany's 10-year yield was unchanged at 2.75%.

UK's 10-year yield was almost flat at 4.75%.

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

* Despite A Decline, The Dollar's Influence Persists [https://seekingalpha.com/article/4824490-despite-decline-dollar-influence-persists]
* EUR/USD: Euro Bullish Trend Intact Despite Sell-Off After FOMC (Technical Analysis) [https://seekingalpha.com/article/4824165-eurusd-euro-bullish-trend-intact-despite-sell-off-after-fomc-technical-analysis]
* The Dollar Breakdown Is Underway (Technical Analysis) [https://seekingalpha.com/article/4823799-the-dollar-breakdown-is-underway-technical-analysis]
* STOXX 600 ended the week flat following monetary policy decisions [https://seekingalpha.com/news/4496436-european-markets-nearly-flat-after-week-filled-with-monetary-policy-decisions]
* European indexes climb after Fed interest rate cut, BOE holds rate steady at 4% [https://seekingalpha.com/news/4495927-european-indexes-climb-after-fed-interest-rate-cut-boe-decision-on-charts]