European markets mostly lower as investors gear up for BOE decision

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London (UKX) +0.27%

Germany (DAX:IND) -0.17% Germany’s manufacturing PMI rises to 45.5 in January, a 11-month high

France (CAC:IND) -0.59% France’s manufacturing PMI rises to 43.1 January, a four-month high

Euro Area manufacturing PMI rises to 46.6 in January, a 10-month high

Spain’s manufacturing PMI rises to 49.2 in January, Red Sea impacted supplier performance.

Italy’s manufacturing PMI increased to 48.5 in January.

Switzerland January manufacturing PMI 43.1 vs 44.5 expected.

The Swedbank Manufacturing PMI for Sweden fell to 47.1 in January 2024.

The S&P Global Poland Manufacturing PMI edged down to 47.1 in January 2024.

The pan-European Stoxx 600 (STOXX) moved 0.01% higher, with banks and mining stocks leading losses. Investors are keenly watching the BOE interest rate decision.

Coming up in the session: BOE interest rate decision and Euro Area inflation, unemployment rate expected.

In the bond market, the U.S. 10-year Treasury yield (US10Y) was down 2 basis points to 3.95%.

Germany’s 10-year yield was up 3 basis points to 2.19%.

U.K.’s 10-year yield was down 2 basis points to 3.82%.

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

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

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