European stocks extend losses after touching lowest level since mid-January, yields slump
Seeking Alpha News (Fri, 04-Apr 4:26 AM)
London (UKX) -1.13% at 8,378
Germany (DAX:IND) -1.72% to 21,341. The HCOB Germany Construction PMI fell further to 40.3 in March. Factory orders in Germany stagnated from the prior month in February.
France (CAC:IND) -1.41% to 7,492. Industrial production in France rose by 0.7% M/M in February.
Industrial production in Spain fell by 1.9% Y/Y in February.
Industrial production in Hungary fell by 8.7% Y/Y in February.
The annual inflation rate in the Czech Republic stood at 2.7% in March.
Retail sales in Italy rose by 0.1% M/M in February. The HCOB Italy Construction PMI rose to 52.4 in March.
Sweden’s annual inflation rate decelerated to 0.5% in March.
The Swiss unemployment rate stood at 2.9% in a non-seasonally adjusted March.
The HCOB Eurozone Construction PMI rose to 44.8 in March.
The pan-European Stoxx 600 (STOXX) edged 1.64% lower to 514.5, extending the previous day's heavy losses as the trade war fear escalates and investors get weary. U.S. President Donald Trump imposed a 20% tariff on EU imports, prompting European leaders to warn of countermeasures and urge businesses to reconsider their investments in the U.S.
Coming up in the session: No major events are lined up for the day.
In the bond market, the U.S. 10-year Treasury yield was down 11 basis points to 3.95%.
Germany's 10-year yield was down 9 basis points to 2.55%.
UK's 10-year yield was down 11 basis points to 4.41%.
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).
