London +0.59%
Germany +0.62% Germany July trade balance €15.9 billion vs €18.0 billion expected.
France +0.81%
Switzerland Q2 GDP 0.0% vs +0.1% q/q expected.
The number of people registering as jobless in Spain increased by 24.826K people, or 0.9 percent, to 2.7 million in August 2023, the first rise in six months, and defeating market forecasts of a 21.3K decrease.
The Swiss GDP stalled from the previous quarter in the three months leading to June of 2023, missing estimates of a 0.1% expansion and holding the 0.3% increase from the quarter ending March.
Sweden’s current account surplus widened to SEK 68.8 billion in the second quarter of 2023 from SEK 56.9 billion in the corresponding period of the previous year.
The annual inflation rate in Turkey accelerated for the second consecutive month to 58.9% in August 2023 from 47.8% in July, and surpassing market forecasts of 55.9%. The annual producer inflation in Turkey increased to 49.41 percent in August 2023, up from 44.50 percent in the previous month and marking the highest reading in four months.
The pan-European Stoxx 600 (STOXX) climbed 0.7%, with all sectors moving up and tracking its Asian peers higher, as optimism regarding China’s property support measures offered a boost. Miners were among the top performers. Meanwhile, investors continued to assess the outlook for US interest rates in light of the latest batch of economic data.
Coming up in the session: SNB total sight deposits w.e. 1 September at 8:00 GMT; Germany September Sentix investor confidence at 8:30 GMT.
Meanwhile, traders will keep an eye on ECB President Lagarde later in the day for further clues on the central bank’s next steps.
In the bond market, the U.S. 10-year Treasury yield was up 9 basis points to 4.18%.
Germany’s 10-year yield was up 3 basis points to 2.56%.
U.K.’s 10-year yield was up 4 basis points to 4.44%.
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