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London (UKX) +0.71% Retail sales increased 1.4% in January 2024.
Germany (DAX:IND) -0.04% Industrial orders in Germany unexpectedly increased by 8.9% m/m in December 2023; The HCOB Germany Construction PMI fell to 36.3 in January 2024, one of the lowest on record.
France (CAC:IND) +0.31% Il The S&P Global France Construction PMI fell further into contraction territory in January.
Construction production in the Czech Republic fell by 4.6% y/y in December 2023.
Retail sales in Slovakia decreased by 4% year-on-year in December 2023.
The HCOB’s Eurozone construction PMI index fell to 41.3 in January 2024, down from 43.6 in December.
The pan-European Stoxx 600 index (STOXX) rose by 0.50%, with most sectors trading in positive territory. Investors digested Jerome Powell’s comments in which he said the Fed can afford to pay attention to the next step in interest rate adjustment.
Next in the session: Eurozone retail sales expected soon.
In the bond market, the yield on the 10-year US Treasury note (US10Y) rose 2 basis points to 4.09%.
The German 10-year yield rose 5 basis points to 2.28%.
The British 10-year yield rose 5 basis points to 3.97%.
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