frankramspott
London -1.63% UK January monthly GDP +0.3% vs +0.1% m/m expected
Germany -1.68% Final CPI February Germany +8.7% vs. +8.7% y/y preliminary
France -1.76% France’s January trade balance -12.9 billion euros vs. -14.9 billion euros previously
The pan-European Stoxx 600 -1.65% in early trade with most major sectors and stocks trading in negative territory. That reflects the negative mood caused by the SVB situation in the US. European bank shares were headed for their biggest one-day drop in nine months on Friday, a day after a sharp sell-off in US banks with falls for most of the big names, including HSBC and Deutsche Bank.
Coming soon in session: There are no scheduled events.
In the bond market, the yield on the 10-year US Treasury fell nine basis points to 3.83%.
Germany’s 10-year yield fell twelve basis points to 2.52%.
The UK 10-year yield fell eleven basis points to 3.68%.
ETFs: (EWG), (GF), (EWI), (EWQ), (EWGS), (FGM), (DBGR), (DXGE), (HEWG), (DAX), (FLFR), (FLGR), (FLIY), (FXB), (EWU), (FKU), (EWUS), (HEWU), (FLGB).