European indexes in green despite broader market concerns over AI valuations

[Global Business Strategy on Digital Display]
Tom Werner

London (UKX [https://seekingalpha.com/symbol/UKX]) -0.21% to 9,740, The Halifax House Price Index in the UK rose 1.9% year-on-year in October.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +0.39% at 23,825, Germany's trade surplus narrows in September [https://seekingalpha.com/news/4518291-germanys-trade-surplus-narrows-in-september#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Anews_title].

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) +0.18% to 7,895, France trade deficit widens in September. [https://seekingalpha.com/news/4518299-france-trade-deficit-widens-in-september#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Anews_title]

In other parts of Europe, Denmark’s manufacturing production climbed by 8% month-on-month in September.

Norway’s manufacturing production fell by 1.7% M/M in September.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] climbed 0.26% to 569.4, despite broader concerns over AI valuations and weak U.S. economic data. Previous day saw the Bank of England maintaining its interest rate at 4%. The Monetary Policy Committee voted by a majority of 5-4.

IN THE BOND MARKET, the yield on the US 10-year Treasury was up 1 basis point to 4.11%.

UK's 10-year yield was up 4 basis points to 4.47%.

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

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

* November BoE Decision: A Divisive, Dovish Pause [https://seekingalpha.com/article/4839356-november-boe-decision-a-divisive-dovish-pause]
* EUR/USD Stabilizes As Traders Weigh ECB Caution And U.S. Fiscal Gridlock (Technical Analysis) [https://seekingalpha.com/article/4838484-eurusd-stabilizes-as-traders-weigh-ecb-caution-and-us-fiscal-gridlock-technical-analysis]
* GBP/USD: Cable Plummets To Fresh Seven-Month Lows Ahead Of BoE Decision [https://seekingalpha.com/article/4837728-gbpusd-cable-plummets-to-fresh-seven-month-lows-ahead-of-boe-decision]
* France trade deficit widens in September [https://seekingalpha.com/news/4518299-france-trade-deficit-widens-in-september]
* Germany's trade surplus narrows in September [https://seekingalpha.com/news/4518291-germanys-trade-surplus-narrows-in-september]