European Stocks Hold Steady as Traders Eye Bond Yields, PMI Data

European stocks are little changed as the 10-year Treasury yield holds above 2.97% ahead of economic data that may confirm momentum in the euro-area manufacturing sector has peaked.

The Stoxx Europe 600 Index drops 0.1%, after posting four straight weeks of gains. UBS Group AG declines after its wealth and asset-management units missed estimates for the first quarter. Royal Philips NV rises after its first-quarter profit rose 15% as the Dutch health-care maker sold more diagnostic medical scanners.

Source : Bloomberg

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European stocks end at 7-week high as traders take cue from Wall Street

European stocks logged the best close in about seven weeks, taking the lead from an upbeat session the prior day in the U.S., as attention shifted from geopolitical concerns to the earnings season.

U.K. stocks erased an earlier loss and swung higher, after a mixed reading on the countryA?a��a�?s labor market sent the pound lower.

The Stoxx Europe 600 index rose 0.8% to 380.77, recovering from a 0.4% loss on Monday, which came as traders digested a U.S.-led missile attack on Syria over the weekend. The finish for the pan-Europe benchmark represented its highest level since Feb. 27, according to WSJ Market Data Group.

Source: marketwatch

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Tokyo Stocks End Flat as Traders Await US-Japan Summit

Tokyo stocks closed flat Tuesday in sluggish trading as investors retreated to the sidelines to await the outcome of a US-Japan summit expected to be dominated by trade tensions and North Korea.

The benchmark Nikkei 225 inched up 0.06 percent or 12.06 points to close at 21,847.59 but the broader Topix was down 0.36 percent or 6.24 points at 1,729.98.

Source : AFP

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