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Market Movements
London (UKX) saw a minimal increase of 0.01% while Germany’s DAX index surged by 0.33%. France’s CAC index saw the most significant rise, climbing by 0.45%. The pan-European Stoxx 600 (STOXX) also moved 0.38% higher. The broad-based positive momentum was noted across all sectors, except for oil and gas.
Investor Attitude
Investors are treading cautiously in light of the upcoming release of key US inflation data. This sense of wariness was particularly evident in the bond market, as the U.S. 10-year Treasury yield (US10Y) experienced a 2 basis points decrease to 4.16%. A similar trend was observed in Germany’s 10-year yield, which also dropped by 2 basis points to 2.36%. Meanwhile, the U.K.’s 10-year yield saw a decrease of 2 basis points to 4.07%.
Market Outlook
The current market climate indicates a quieter day on the charts. However, the prevailing caution among investors highlights a palpable anticipation regarding the forthcoming US inflation figures and their potential impact on global markets. This prevailing sentiment influences the currencies and exchange-traded funds (ETFs) landscape as well, amplifying the significance of this impending data release.
