European markets on backfoot tracking Wall Street slumps as investors await inflation data

London -0.43%.

Germany -0.95%.

France -0.58%.

The pan-European Stoxx 600 index opened 0.5% lower with the majority of sectors in negative territory apart from utilities and oil and gas stocks.

Coming up in the session: Germany July ZEW survey economic sentiment, current conditions at 0900 GMT; US June NFIB small business optimism index at 1000 GMT.

In bond market, The yield on 10-year Treasuries was down more than seven basis point to 2.92%.

Germany’s 10-year yield was down more than seven basis point to 1.17%.

Britain’s 10-year yield was down more than seven basis point to 2.10%.

Comments

[Mister Doom]

The lousy year continues, Cash is not Trash.