European markets buoyed by earnings optimism
Yuji Sakai/DigitalVision via Getty Images
London (UKX) +0.89%.
Germany (DAX:IND) +0.29%. Germany's inflation climbs to 3.3% as energy costs jump.
France (CAC:IND) +0.29%.
In other parts of Europe, the annual inflation rate in the Czech Republic rose to 2.5% in September.
Slovakia’s construction output fell by 4.8% Y/Y in August.
Hungary’s construction output jumped 21.9% Y/Y in August.
The annual inflation rate in the Netherlands was confirmed at a four-month high of 3.4% in September.
Finland’s current account swung to €890M deficit in August.
The pan-European Stoxx 600 (STOXX) edged 0.34% higher to 637.8, despite a renewed global tech sell-off, fuelled by concerns over the sustainability of the AI trade. Sell-side analysts expect global earnings growth to remain robust ahead of the upcoming earnings season, supporting most sectors despite elevated bond yields.
In the bond market, the U.S. bond was down 5 points to 5.20%.
UK's 10-year yield was down 4 basis points to 5.41%.
Germany's 10-year yield was down 3 basis points to 3.44%.
Currencies: (EUR:USD) (GBP:USD) (CHF:USD)
Recommended For You
Register for free to keep reading.
Create a free account to get unlimited breaking news and alerts when your stocks move.
KioskNews shows a cleaned-up reading view extracted from the publisher’s page — the original always lives on their site, not ours.