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London (UKX) -0.22%
Germany (DAX:IND) +0.14% Germany November trade balance €20.4 billion vs €17.9 billion expected. Germany November industrial orders +0.3% vs +1.0% m/m expected.
France (CAC:IND) -0.16%
Switzerland December CPI +1.7% vs +1.5% y/y expected
The pan-European Stoxx 600 (STOXX) ticked -0.22% lower on Monday, with majority of the sectors trading in negative territory. Oil and gas stocks dropped after Saudi Arabia announced price cuts to customers in Asia, offsetting concerns of escalation in the Middle East. On the data front, global investors will be looking ahead to U.S. inflation data and big bank earnings this week for further clues on the state of the economy and the path of rate cuts from the Federal Reserve.
In the bond market, the U.S. 10-year Treasury yield was up 2 basis points to 4.06%.
Germany’s 10-year yield was up 4 basis points to 2.19%.
U.K.’s 10-year yield was up 5 basis points to 3.83%.
Coming up in the session: Euro Area retail sales, economic sentiment and consumer confidence data will be in focus.
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)
