Home Business European markets are rising cautiously as investors assess economic challenges

European markets are rising cautiously as investors assess economic challenges

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London +0.26%.

Germany +0.19%. Germany, August construction PMI 42.6 vs. 43.7 previously.

Industrial orders in Germany in July -1.1% against the expected -0.5% m/m (previously -0.4%).

France +0.01%.

General Europe Stoxx 600 added 0.3% in early trade, with retail shares jumping higher as most sectors pushed for positive territory.

UK data – BRC retail sales in August +0.5% y/y (previously 1.6%).

UK shopper data from BarclayCard showed consumer spending rose by +4.7% y/y, the slowest rate since March 2021.

The session will include: UK construction PMI for August at 08:30 GMT.

In the bond market, the yield on the 10-year Treasury rose more than seven basis points to 3.27%.

Germany’s 10-year bond yield rose more than one basis point to 1.57%.

The UK 10-year bond yield rose more than four basis points to 2.98%.

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