European markets recover amid Trump tariffs noise
Seeking Alpha News (Tue, 01-Apr 7:02 AM)
Update: The revised post reflects market movements as of 6.45am ET.
London (UKX) +0.75% to 8,647. U.K.'s manufacturing contracts in March, fell to 17-month low
Germany (DAX:IND) +1.17% to 22,419. Germany's manufacturing climbs in March driven by new orders.
France (CAC:IND) +0.81% to 7,851. France manufacturing sector rises in March.
Euro Area manufacturing slightly above estimates, production recovery noted. Euro Area inflation drops to 2.2% in March, missing estimates.
The S&P Global Greece Manufacturing PMI climbed to 55.0 in March.
HCOB Italy Manufacturing PMI fell to 46.6 in March.
The Swiss procure.ch PMI fell to 48.9 in March.
The HCOB Spain Manufacturing PMI fell to 49.5 in March.
The pan-European Stoxx 600 (STOXX) traded 0.96% higher to 539.05, marking their first advance in four sessions. The rebound comes after both indexes slumped ~1.5% in the previous session, hitting two-month lows. Investors remain focused on the ongoing trade war, with focus on "Liberation Day" for the U.S. set for tomorrow.
Coming up in the session: Euro Area inflation is expected shortly.
In the bond market, the U.S. 10-year Treasury yield was down 8 basis points to 4.17%.
Germany's 10-year yield was down 6 basis points to 2.67%.
UK's 10-year yield was down 7 basis points to 4.61%.
Currencies: (EUR:USD) (GBP:USD) (CHF:USD)
ETFs: (NYSEARCA:EWG), (NYSE:GF), (NYSEARCA:EWI), (NYSEARCA:EWQ), (NASDAQ:FGM), (NASDAQ:DAX), (NYSEARCA:FLGR), (NYSEARCA:FXB), (NYSEARCA:EWU), (NASDAQ:FKU), (BATS:EWUS), (NYSEARCA:FLGB), (NYSEARCA:GREK).
