investingLive European market wrap: Dollar steady, stocks ease; US PCE, month-end in focus ...Middle East

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Month-end focus to keep currency traders on their toes to end the weekEquities nudge lower in European morning tradeInflation expectations for the year ahead seen unchanged in latest ECB pollBavaria August CPI +2.1% vs +1.9% y/y priorFrance August preliminary CPI +0.9% vs +1.0% y/y expectedSpain August preliminary CPI +2.7% vs +2.8% y/y expectedItaly August preliminary CPI +1.6% vs +1.7% y/y expectedGermany July retail sales -1.5% vs -0.4% m/m expectedGermany July import price index -0.4% vs -0.3% m/m expectedGermany August unemployment change -9k vs 10k expectedFrance Q2 final GDP +0.3% vs +0.3% q/q prelimItaly Q2 final GDP -0.1% vs -0.1% q/q prelim

Markets:

USD leads, GBP lags on the dayEuropean equities lower; S&P 500 futures down 0.3%US 10-year yields up 1.8 bps to 4.225%Gold down 0.3% to $3,405.82WTI crude down 0.4% to $64.35Bitcoin down 1.6% to $110,106

Equities did ease a little though, with investors seemingly cautious ahead of the final trading day of the week/month. European indices are down slightly, adding to losses on the week. The DAX and CAC 40 have both turned negative on the month in trading this week but it has still been a great month for the likes of the IBEX and FTSE MIB.

As for FX, it was quiet but the dollar is keeping firmer overall after some slight losses in the sessions before. EUR/USD is down 0.2% to 1.1660 with USD/JPY up 0.2% to 147.20 currently. GBP/USD is the most notable mover, down 0.4% to 1.3455 but besides that, other dollar pairs are more flattish on the day.

I wish you all a good Friday and wonderful weekend ahead.

This article was written by Justin Low at investinglive.com.

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