European indexes in green as global sentiment improves after U.S. inflation

Published 2 months ago Positive
European indexes in green as global sentiment improves after U.S. inflation
Auto
[Global Business Strategy on Digital Display]
Tom Werner/DigitalVision via Getty Images

London (UKX [https://seekingalpha.com/symbol/UKX]) +0.27% to 9,171.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +0.60% to 24,168. Germany's inflation steady at eight-month low [https://seekingalpha.com/news/4484402-germanys-inflation-steady-at-eight-month-low#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Anews_title]

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) +0.26% to 7,771.

Spain's inflation rises to 2.7% in July [https://seekingalpha.com/news/4484416-spains-inflation-rises-to-27-in-july#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Anews_title]

Paraguay recorded a trade deficit of $841.1M through July.

Norway’s consumer confidence indicator rose to -3.6 in Q3.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] added 0.47% to trade around 550.5 on Wednesday, as global sentiment improved after the latest U.S. inflation reading that reinforced expectations of Federal Reserve interest rate cut in September.

On the corporate front, earnings from E.ON (OTCPK:EONGY [https://seekingalpha.com/symbol/EONGY]) (OTCPK:ENAKF [https://seekingalpha.com/symbol/ENAKF]), Brenntag (OTCPK:BNTGF [https://seekingalpha.com/symbol/BNTGF]) (OTCPK:BNTGY [https://seekingalpha.com/symbol/BNTGY]), and Beazley (OTCPK:BZLYF [https://seekingalpha.com/symbol/BZLYF]) (OTCPK:BZLEY [https://seekingalpha.com/symbol/BZLEY]), among others due today.

COMING UP IN THE SESSION: A lighter day on charts today.

IN THE BOND MARKET, the U.S. 10-year Treasury yield was down 3 basis points to 4.27%.

Germany's 10-year yield was down 3 basis points to 2.72%.

UK's 10-year yield was down 3 basis points to 4.59%.

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]
* Germany's inflation steady at eight-month low [https://seekingalpha.com/news/4484402-germanys-inflation-steady-at-eight-month-low]
* European markets rise with improved global outlook after U.S.-China truce [https://seekingalpha.com/news/4483666-european-markets-rise-with-improved-global-outlook-after-us-china-truce]