European markets dip after UK inflation misses forecast (EUR:USD)

London (UKX) -0.45% UK’s inflation dropped to 2.3% in April, above market expectations of 2.1%; however, lowest since July 2021. Public sector net borrowing in the UK increased to £20.5B in April.

Germany (DAX:IND) -0.20%

France (CAC:IND) -0.43%

The unemployment rate in Sweden increased to 8.9% in April 2024.

Passenger car registrations in the European Union surged 13.7% Y/Y.

The pan-European Stoxx 600 (STOXX) moved 0.34% lower, with most sectors trading in red

Coming up in the session: A lighter economic calendar for Europe today.

In the bond market, the U.S. 10-year Treasury yield (US10Y) was up 3 basis points to 4.44%.

Germany’s 10-year yield was up 3 basis points to 2.53%.

U.K.’s 10-year yield was up 9 basis points to 4.23%.

Currencies: (EUR:USD) (GBP:USD) (CHF:USD)

ETFs: (EWG), (GF), (EWI), (EWQ), (FGM), (DAX), (FLGR), (FXB), (EWU), (FKU), (EWUS), (FLGB), (GREK)