Investing
European Markets Face Downturn as German Bond Yield Hits 2.922%
© Reuters.
European markets experienced a downturn on Monday, with the index falling by 1.0%, as outlined by Craig Erlam of OANDA. This decline was tied to the German 10-year government bond yield reaching 2.922%.
The struggles within the Euro zone’s manufacturing sector became evident as the Purchasing Managers’ Index (PMI) for September registered at 43.4, reflecting a contraction in the sector.
In individual stock movements, Edenred (EPA:) experienced a significant drop, plunging by 11%. On the other hand, BAE Systems (LON:) saw an increase, with its stock rising by 1.1%. These notable shifts in stock values further underscore the current volatility in the European markets.
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