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London (UKX) experienced a gain of 0.43% while U.K. inflation remained steady at 4% year-on-year in January.
Germany (DAX:IND) showed a decrease of 0.04%.
France (CAC:IND) saw an increase of 0.13%.
Household consumption in the Netherlands rose by 0.3% year-on-year in December 2023, while Hungary’s GDP remained unchanged from a year earlier in Q4 2023.
The GDP for Mainland Norway experienced a decrease of 0.1% from the previous month in December 2023.
The pan-European Stoxx 600 (STOXX) moved 0.17% higher as media stocks surged, while mining stocks declined. The European charts appeared subdued following a significant sell-off in the preceding session, triggered by traders revising their interest rate reduction projections by the Federal Reserve due to robust US inflation figures.
Coming up in the session: Euro Area employment, GDP, and industrial production are expected shortly.
In the bond market, the U.S. 10-year Treasury yield (US10Y) was down by 3 basis points to 4.29%.
Germany’s 10-year yield experienced a decline of 2 basis points to 2.37%, while the U.K.’s 10-year yield dropped by 7 basis points to 4.08%.
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