Friday, September 13, 2024

European markets gain at the end of a turbulent week

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London (UKX) +0.3%

Germany (DAX:IND) +0.2% Germany’s inflation edges higher to 2.3% in July.

France (CAC:IND) +0.4%

The pan-European Stoxx 600 (STOXX) rose 0.5% on Friday, tracking a jump in global markets following a turbulent week, as data showed U.S. jobless claims fell more than expected last week. Investors also digested earnings reports from German industrial technology giant Siemens (OTCPK:SIEGY). Regional bourses and sectors were also all trading in positive territory, with travel and leisure stocks leading gains.

Coming up in the session: A lighter calendar on the economic front.

In the bond market, the U.S. 10-year Treasury yield was flat 3.97%.

Germany’s 10-year yield was down 2 basis points to 2.25%.

U.K.’s 10-year yield was down less than 1 basis point to 3.97%.

Currencies: (EUR:USD) (GBP:USD) (CHF:USD)

ETFs: (EWG), (GF), (EWI), (EWQ), (FGM), (DAX), (FLGR), (FXB), (EWU), (FKU), (EWUS), (FLGB), (GREK)

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