London (UKX) Sees a 0.43% Gain
Germany (DAX:IND) experienced a modest rise of +0.38%, with the country’s wholesale prices showing a slight dip of 0.1% Y/Y in July.
France (CAC:IND) Records a 0.19% Increase
The Czech Republic witnessed a rise in the annual inflation rate to 2.2% in July, while Denmark saw a decrease in consumer price inflation to 1.1% Y/Y during the same month.
Stoxx 600 (STOXX) Bounces Back
The pan-European Stoxx 600 showed a 0.26% increase, marking a significant rebound from the previous week. Notably, the financial services and insurance sectors led the gains. Investors are now eagerly awaiting the release of US inflation figures later this week to help determine the possible direction of monetary policy. Additionally, the UK inflation data is set to be announced on Wednesday.
Current Market Indicators
In recent bond market activity, the U.S. 10-year Treasury yield rose by one basis point to 3.95%. Similarly, Germany’s 10-year yield saw an increase of 2 basis points to 2.24%, while the UK’s 10-year yield edged up by less than 1 basis point to 3.95%.
Market Highlights
Currencies in focus include (EUR:USD), (GBP:USD), and (CHF:USD). In addition, keep an eye on popular ETFs such as (EWG), (GF), (EWI), (EWQ), (FGM), (DAX), (FLGR), (FXB), (EWU), (FKU), (EWUS), (FLGB), and (GREK) within the current market landscape.