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London (UKX) +0.22% UK retail sales drop 0.40% in February over previous month, flat Y/Y.
Germany (DAX:IND) -0.08% German import prices fell 5.9% year-on-year in January 2024.
France (CAC:IND)-0.27%
The general public’s domestic loan debt in Norway stood at 3.5% year-on-year to NOK 7.31B.
The pan-European Stoxx 600 (STOXX) moved 0.13% lower, with most sectors in negative territory. Investors took a moment to reassess recent surge to multi-year highs. Swiss National Bank surprised with a rate cut, a first in developed countries, while Bank of England held rate steady at 5.25% as per expectations.
Coming up in the session: Germany’s business climate expected shortly.
In the bond market, the U.S. 10-year Treasury yield (US10Y) was down 3 basis points to 4.24%.
Germany’s 10-year yield was down 2 basis points to 2.38%.
U.K.’s 10-year yield was down 4 basis points to 3.96%.
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