European indexes hover around flatline as investors analyze political uncertainties

Published 3 weeks ago Positive
European indexes hover around flatline as investors analyze political uncertainties
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[Global Business Strategy on Digital Display]
Tom Werner

London (UKX [https://seekingalpha.com/symbol/UKX]) -0.18% at 9,408. UK's GDP moves higher, trade deficit widens. [https://seekingalpha.com/news/4504630-uks-gdp-moves-higher-trade-deficit-widens#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Anews_title]The British pound remained above $1.34 after UK GDP data came in line with forecasts.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) -0.45% to 24,047.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) -0.14% to 8,066. France’s reappointed Prime Minister Sébastien Lecornu has a chance of surviving two no-confidence votes in the National Assembly after suspending President Emmanuel Macron’s landmark pension reform to gain support from the Socialists.

In other parts of Europe, Producer prices in the Czech Republic decreased by 1.0% Y/Y in September.

Norway’s industrial confidence indicator fell to -0.3 in Q3.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] turned 0.01% lower to 567.7, pausing after gains in the previous session. Investors continued to await new catalysts while digesting a fresh batch of corporate earnings.

COMING UP IN THE SESSION: Euro Area trade balance expected shortly.

In the bond market, the yield on the US 10-year Treasury was down 2 basis points to 4.03%.

Germany's 10-year yield was up 1 basis point to 2.57%.

UK's 10-year yield was up less than 1 basis point to 4.55%.

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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