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London (UKX) -0.42%
Germany (DAX:IND) -0.24% The German services PMI stood at 48.3 in February, the highest in two months.
France (CAC:IND) -0.11% French industrial production m/m -1.1% compared to -0.1% expected;
France’s services PMI rose to 48.4 in February, beating forecasts
The Spanish services PMI is forecast at 54.7 versus 53.4.
The services PMI in Sweden was at 50.5 in February 2024.
The yield on 10-year Italian government bonds fell to 3.78%, a 4-week low.
Eurozone services and composite PMI rise in February
The pan-European Stoxx 600 index (STOXX) moved 0.26% less, with most sectors trading in the red. Mining stocks tumbled, while healthcare stocks surged. Investors are eagerly awaiting Thursday’s ECB meeting, which is expected to keep interest rates stable as inflation shows a slowdown.
Next in the session: UK PMI and PPI data are expected soon.
In the bond market, the yield on the 10-year US Treasury note (US10Y) fell 2 basis points to 4.20%.
The German 10-year yield fell 3 basis points to 2.37%.
The British 10-year yield fell 3 basis points to 4.09%.
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