Europe markets steady as oil prices ease ahead of U.S. midterm elections
Daniel Grizelj
London (UKX) -0.12%, as losses in heavyweight energy stocks weighed on the index. The pound rose above $1.34, reaching its highest level since mid-September.
Germany (DAX:IND) +0.02%. Germany’s retail sales dropped 2% Y/Y in September.
France (CAC:IND) +0.04%.
In other parts of Europe, the Czech Manufacturing PMI rose to 55 in October.
Austria’s unemployment rate edged up to 7.3% in October.
The S&P Spain Global Manufacturing PMI rose to 52.2 in October.
Poland’s S&P Global Manufacturing PMI rose to 50 in October.
Retail sales in Switzerland rose by 1.6% Y/Y in September.
The pan-European Stoxx 600 (STOXX) moved 0.06% lower to 646.4 after a recent selloff driven by concerns over the AI sector. Sentiment also improved as oil prices declined, following reports that U.S. President Donald Trump plans to give diplomatic efforts more time before deciding whether to resume military strikes against Iran after Tuesday’s midterm elections.
In the bond market, the 10-year U.S. bond was down 2 basis points to 4.91%.
UK's 10-year yield was down 7 basis points to 5.24%.
Germany's 10-year yield was almost flat at 3.32%.
Currencies: (EUR:USD) (GBP:USD) (CHF:USD)
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