News

European equities down on Monday

  • 16 August, 2021
  • 10:22 am EEST

A softer start to the session

  • Eurostoxx -0.6%
  • Germany DAX -0.6%
  • France CAC 40 -0.7%
  • UK FTSE -0.7%
  • Spain IBEX -0.9%
  • Italy FTSE MIB -0.6%
Risk stays on the retreat as the market sticks with a more defensive tone for the time being. US futures are also keeping lower, with S&P 500 futures down 0.3%, Nasdaq futures down 0.2%, and Dow futures marked down 0.4% on the day.
The bond market continues to be a key barometer for sentiment and things are still tilted towards being more risk averse for now. 10-year Treasury yields are down 4 bps to 1.257% as we get things going in Europe.

Week‘s events:

Central Bank: We get the RBA meeting minutes on Tues and the RBNZ interest rate decision, statement is on Wed
Macroeconomic: Data standouts are the global inflation rep. from the UK EU Canada and Japan plus Retail Sales reports from China, the UK and US

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