Europe markets take a dip looking at economic data




London +0.05% 

Germany -0.89% 

France -0.66% France January final services PMI 49.4 vs 49.2 prelim

Italy January services PMI 51.2 vs 51.0 expected

Spain January services PMI 52.7 vs 52.5 expected

The pan-European Stoxx 600 down 0.54% in early trade, with autos shedding to lead losses as all sectors and major bourses slid into the red.

Coming up in the session:  French government budget balance and Euro zone PPI on the charts.

In the bond market, The yield on US 10-year Treasuries almost flat 3.40%.

Germany’s 10-year yield was up seven basis point to 2.13%.

Britain’s 10-year yield was up four basis point to 3.05%.


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