London +0.64% UK stocks advanced on Wednesday after data showed a fall in inflation in August, raising hopes that the Bank of England was nearing the end of its interest rate hiking cycle.
Germany +0.41% German PPI falls to 12.6% in August Y/Y
France +0.06%
EU car registrations jump 21% in August
The pan-European Stoxx 600 (STOXX) edged up 0.25% in cautious trade, with sectors spread across marginally positive and negative territory, as investors awaited the latest monetary policy decision from the U.S. Federal Reserve at 2 p.m ET. Health-care stocks led the gains, while oil and gas dipped.
Coming up in the session: Speeches by Isabel Schnabel, Member of the Executive Board of the ECB, European Union 3-month and 6-month bill auction. The Bank of England is likely to hike interest rates for the 15th time on September 21, while the Fed seems set for a hawkish pause.
In the bond market, the U.S. 10-year Treasury yield was roughly flat at 4.36%.
Germany’s 10-year yield held steady at 2.74%.
U.K.’s 10-year yield was down 7 basis points to 4.28%.
Currencies: (EUR:USD) (GBP:USD) (CHF:USD)
ETFs: (EWG), (GF), (EWI), (EWQ), (EWGS), (FGM), (DBGR), (DXGE), (HEWG), (DAX), (FLFR), (FLGR), (FLIY), (FXB), (EWU), (FKU), (EWUS), (HEWU), (FLGB), (GREK)
