Weaker than Expected Chinese and German Trade Data Weigh on Riskier Assets

European markets are in very quiet summer trade, with Bund and Gilt futures narrowly mixed, stock markets little changed and EGB yields also stable. Gilts and FTSE 100 underperformed, with the 10-year Gilt down -0.9 basis points at 1.14% as Sterling remains under pressure. The 10-year Bund yield meanwhile is down and most other Eurozone long yields are also slightly lower, as the EUR remains at high levels. Stock markets treaded water and the DAX managed a meagre gain, while the FTSE 100 is down slightly. Data releases included U.K. BRC retail sales and German trade data, with the latter showing sharp declines in exports as well as imports, which followed similarly disappointing reports from Chinese trade numbers.

Continue reading: https://www.iforex.com/news/weaker-expected-chinese-and-german-trade-data-weigh-riskier-assets-39951

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