European indexes rise on hopes of resolution to Middle East conflict; yields dip
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European indexes rose, with the UKX up 1.04%, DAX up 1.78%, and CAC up 1.51%, amid optimism for a resolution to the Middle East conflict. The pan-European Stoxx 600 increased by 1.46%. UK inflation remained stable at 3%, while Spain's producer prices fell 7% Y/Y. Retail sales in Denmark rose 2.2% Y/Y. In the bond market, US 10-year Treasury yields fell to 4.33%, and UK yields dropped to 4.85%. Natural gas futures in Europe fell over 6% to below €51 per MWh.
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