European markets mixed as investors in wait and watch mode (EROTF)
London (UKX) -0.1%
Germany (DAX:IND) +0.2%
France (CAC:IND) +0.04%
Switzerland October trade balance CHF 4.60 billion vs CHF 6.32 billion prior.
The pan-European Stoxx 600 (STOXX) held steady at +0.05% with sectors trading in mixed territory as investors remain in wait-and-see mode, after a muted session on Monday. Mining stocks led gains, while banks dipped. European Central Bank policymaker Francois Villeroy de Galhau said on Monday that the central bank’s interest rates have reached a plateau where they will likely remain for the next few quarters, Reuters reported.
In the bond market, the U.S. 10-year Treasury yield was down 3 basis points at 4.40%.
Germany’s 10-year yield was down 4 basis points to 2.58%.
U.K.’s 10-year yield was down 3 basis points to 4.10%.
Coming up in the session: BOE policymakers will be testifying in parliament at 1015 GMT, on monetary policy, inflation, and the UK economic outlook. Investors will also scan Canada’s inflation data later in the day.
Currencies: (EUR:USD) (GBP:USD) (CHF:USD)
ETFs: (EWG), (GF), (EWI), (EWQ), (EWGS), (FGM), (DBGR), (HEWG), (DAX), (FLFR), (FLGR), (FLIY), (FXB), (EWU), (FKU), (EWUS), (FLGB), (GREK)
