Europe markets in green as bond pressure eases

London (UKX) +0.79%.

Germany (DAX:IND) +0.78%. Germany’s factory orders plunged 10.6% M/M in August.

France (CAC:IND) +0.52%. France’s state budget deficit widened to €159.6B in January-August. Industrial production in France fell 0.3% M/M in August.

In other parts of Europe, industrial production in Spain increased by 1.5% Y/Y in August.

Switzerland’s non-seasonally adjusted unemployment rate was 3.0% in September.

Retail sales in Slovakia rose by 1.6% Y/Y in August.

Retail sales in Slovakia rose by 1.6% Y/Y in August.

Retail sales in Hungary rose by 2.4% Y/Y in August.

The pan-European Stoxx 600 (STOXX) moved 0.79% higher to 638.5 as global risk appetite improved, with technology and AI stocks leading gains. Pressure in bond markets eased, although investors continued to monitor political developments in Spain and France, while oil prices edged lower amid signs of resilience in Middle Eastern crude exports.

In the bond market, the U.S. bond was down 3 points to 5.28%.

UK's 10-year yield was down 6 basis points to 5.36%.

Germany's 10-year yield was down 5 basis points to 3.44%.

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

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