Posted 4/12/2024, 8:54:38 AM
European Markets Up, U.K. and Eurozone Data Meets Expectations While ECB Maintains Rates at 4% as U.S. Yields Rise
- European markets in positive territory (London +1.13%, Germany +1.10%, France +1.10%) as traders digest monetary policy outlook
- U.K. GDP and inflation data meets expectations; trade deficit rises
- German and French inflation meets expectations
- ECB keeps interest rates unchanged for 5th time at record high 4%
- U.S. 10-year Treasury yield rises to 4.54%; European yields mostly down