The Eurozone periphery bonds traded lower Thursday tracking a higher-than-expected reading of the region’s retail sales for the month of June. However, a 6-month low composite PMI for July cushioned deeper fall in bond prices.
The benchmark German 10-year bond yields, which moves inversely to its price, rose nearly 1 basis point to 0.49 percent, the French 10-year bond yields also climbed nearly 1 basis point to 0.75 percent, Irish 10-year bond yields hovered around 0.78 percent, Italian flat at 2.01 percent, Netherlands 10-year bond yields higher by almost 1 basis point to 0.60 percent, Portuguese equivalents surged 1-1/2 basis points to 2.86 percent and the Spanish 10-year yields remained steady at 1.45 percent by 09:15GMT.
Retail sales in the euro zone increased by 0.5 percent in June on the month, the European Union's statistics office Eurostat said, well above market expectations of a 0.1 percent rise. As inflation slowed in June to 1.3 percent, showing little signs of a future rebound, euro zone consumers spent more than in May when retail sales went up by 0.4 percent.
The final IHS Markit Eurozone PMI Composite Output Index posted a six-month low of 55.7 in July, down from 56.3 in June and the earlier flash estimate of 55.8. The headline index has signalled expansion throughout the past 49 months.
Meanwhile, the pan-European STOXX 600 index rose 0.04 percent to 378.80, German DAX slipped 0.12 percent to 12,167.25, France’s CAC 40 up 0.21 percent to 5,117.75 and the PSI20 Index traded nearly 1 percent lower at 5,160.23 by 09:30 GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 65.74 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


U.S. Stock Futures Steady as AI, Rate Concerns Weigh
Australia Trade Surplus Shrinks Sharply as Imports Surge
Dollar Hits Three-Month High as US Treasury Yields Surge
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise
BOJ Signals Faster Rate Hikes as Inflation Risks Grow
Oil Prices Slide as Middle East Flows Recover
FxWirePro: Daily Commodity Tracker - 21st March, 2022 



