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European stocks waver, Treasury yields drop

FXStreet (Mumbai) - The stock markets across Europe swing between moderate gains and losses on Tuesday, while the US equity index futures and treasury yields trade lower.

The pan-European Euro Stoxx 600 currently trades 0.04% lower around 358.19 levels. The blue chip Stoxx 50 also advanced 0.50%. The German Dax advanced 0.20%, while the London’s Ftse is trading largely unchanged on the day. France’s CAC added 0.50%.

European stocks have managed to swing back into the positive territory even though the data showed German factory orders contracted 1.8% in August. Meanwhile, S&P 500 Index futures fell marginally following a 1.8% surge in the U.S. benchmark Monday.

The benchmark 10-year treasury yield in the US retreated 1.4 basis points to 2.042%.

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