Placeholder canvas
4.9 C
Friday, February 23, 2024
HomeBusinessContinued High Interest Rates Keep European Markets Depressed (EROTF)

Continued High Interest Rates Keep European Markets Depressed (EROTF)


Related stories

Rumor: Xbox’s Hi-Fi Rush to Launch on ‘Switch 2’ According to Reports

Nintendo's recent Partner Showcase revealed that two Xbox games...

Advancement of two income tax reduction plans at Iowa statehouse.

The Iowa Senate Ways and Means committee has moved...

Rivian, former EV darling, now faces challenges in the electric truck market.

Rivian Automotive Inc., previously hailed by investors as a...

Hillside collapse near California dam claims lives of two children.

Two children tragically died after a hillside by a...

Gmail shutting down hoax debunked – here’s what really happened!

A hoax news release falsely claiming that Google was...

The producer prices in Sweden experienced a significant decline of 5.9% year-on-year in August 2023, marking an acceleration from the 2.1% fall in the previous month. In Hungary, there was a notable turnaround as the country posted a current account surplus of Є0.7B in the second quarter of 2023, in contrast to a Є2.7B deficit in the same period the previous year. However, this surplus fell short of market expectations of a 0.94B surplus.

The pan-European Stoxx 600 index saw a decline of 0.75%, with all sectors experiencing losses. Tech stocks were especially affected by this downturn. This decrease is believed to be influenced by the prevalent sentiment of “higher for longer” interest rates, which has had a widespread impact across financial markets.

In terms of upcoming events, the session will include the release of US consumer confidence and new home sales data. On the bond market, the US 10-year Treasury yield saw a minor decrease of less than 1 basis point to 4.53%, while Germany’s 10-year yield experienced a similar decrease to 2.79%. Finally, the UK’s 10-year yield dropped by 4 basis points to 4.29%.

Source link


- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories


Please enter your comment!
Please enter your name here