financetom
World
financetom
/
World
/
Rising Yields, Falling Consumer Outlooks Dent European Bourses Midday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rising Yields, Falling Consumer Outlooks Dent European Bourses Midday
Jun 26, 2024 4:54 AM

07:42 AM EDT, 06/26/2024 (MT Newswires) -- European bourses were narrowly mixed midday Wednesday as traders weighed rising yields on benchmark government bonds, and signals that continental consumers are not confident.

Tech stocks bucked trends and joined the global rally, while property and food issues lagged.

Investors also eyed Wall Street futures mildly signaling green, and higher closes overnight on Asian exchanges.

The German July GfK Consumer Climate Index posted at negative 21.8, down from negative 21.0 in June, reported Gfk.

The pan-continental Stoxx Europe 600 Index was off 0.2% mid-session.

The Stoxx Europe 600 Technology Index was up 0.7%, and the Stoxx 600 Banks Index lost 0.1%.

The Stoxx Europe 600 Oil and Gas Index was up 0.1%, but the Stoxx 600 Europe Food and Beverage Index declined 0.3%.

The REITE, a European REIT index, fell 0.7%, but the Stoxx Europe 600 Retail Index was steady.

On the national market indexes, Germany's DAX was up 0.1%, and the FTSE 100 in London was flat. The CAC 40 in Paris was off 0.6%, and Spain's IBEX 35 lost 0.5%.

Yields on benchmark 10-year German bonds were higher, near 2.43%.

Front-month North Sea Brent crude-oil futures were up 0.7% to $84.78 per barrel.

The Euro Stoxx 50 volatility index was up 1.8% to 18.36, indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
World food prices up in April for second month, says UN agency
World food prices up in April for second month, says UN agency
May 3, 2024
PARIS, May 3 (Reuters) - The United Nations food agency's world price index rose for a second consecutive month in April as higher meat prices and small increases in vegetable oils and cereals outweighed declines in sugar and dairy products. The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 119.1 points in...
European shares climb on bank earnings cheer, tech boost
European shares climb on bank earnings cheer, tech boost
May 3, 2024
* STOXX 600 up 0.3% * UMG rises after Q1 results above expectations, new TikTok deal * Glencore ( GLCNF ) studying an approach for Anglo American - sources * Daimler Truck falls after flagging rising headwinds in Europe (Updated at 0843 GMT) By Ankika Biswas May 3 (Reuters) - European shares rose on Friday as investors cheered earnings from...
GLOBAL MARKETS-Asian stocks surge; yen extends gains to cap wild week
GLOBAL MARKETS-Asian stocks surge; yen extends gains to cap wild week
May 2, 2024
(Updates at 0510 GMT) By Ankur Banerjee SINGAPORE, May 3 (Reuters) - Asian stocks surged to their highest in 15 months on Friday led by tech and Hong Kong stocks, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected intervention from Japanese authorities. With markets in Japan and mainland China closed...
Russian rouble slightly rises against dollar
Russian rouble slightly rises against dollar
May 3, 2024
MOSCOW, May 3 (Reuters) - The Russian rouble slightly gained against the dollar on Friday. By 0715 GMT, the rouble was 0.06% higher at 91.99 to the dollar after trading in a range of 91.898 to 92.163. Against the euro, the rouble fell 0.02% to 98.71. It dropped 0.04% to 12.71 against the yuan . Brent crude oil, a global...
Copyright 2023-2025 - www.financetom.com All Rights Reserved