London (UKX) +0.2%
Germany (DAX:IND) +0.1% Germany records a trade surplus of 27.53 billion euros in January
France (CAC:IND) +0.2%
The pan-European Stoxx 600 index (STOXX) increased by 0.2% on Wednesday, with sectors trading in mixed territory as investors in the UK braced for the Budget. Healthcare stocks, however, collapsed chemicals increased. The market’s focus also remains on Fed Chair Jerome Powell’s testimony before the House Financial Services Committee on Wednesday, for more clarity on how the central bank plans to proceed with monetary policy this year.
Next in the session: Eurozone January retail sales data will be released soon, followed by US job opportunities and the Bank of Canada meeting later in the day.
In the bond market, the yield on the 10-year US Treasury note (US10Y) rose 3 basis points to 4.16%.
The German 10-year yield rose 3 basis points to 2.35%.
The British 10-year yield rose 5 basis points to 4.06%.
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