European equities muted with no signs of resolution to Middle East conflict

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London (UKX [https://seekingalpha.com/symbol/UKX]) +0.17% to 10,248.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) -0.12% to 24,310.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) -0.59% to 8,064. France’s official reserve assets fell to €386.90 billion at the end of April.

In other parts of Europe, the annual inflation rate in Moldova rose to 6.8% in April.

The annual inflation rate in Denmark rose to 1.4% in April.

Denmark’s seasonally adjusted trade surplus widened to DKK 33.8B in March.

Producer prices in Norway climbed by 22.7% Y/Y in April.

Norway’s annual inflation rate eased to 3.4% in April.

Retail sales in the Czech Republic rose by 4.9% Y/Y in March.

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] traded 0.04% lower to 612, starting the week on a cautious note as tensions in the Middle East persisted. U.S. and Iran continued to struggle toward a diplomatic resolution to the 10-week conflict. European natural gas futures climbed toward €45 per MWh on Monday, extending gains from the previous session. The UK and France will reportedly host defense ministers from over 40 countries [https://seekingalpha.com/news/4590303-uk-france-to-host-meeting-on-mission-to-restore-hormuz-shipping] on Monday to discuss their military contributions for a naval mission to guide ships through the Strait of Hormuz

In the bond market, the yield on the US 10-year Treasury was up 2 basis points to 4.39%.

UK's 10-year yield was up 5 basis points to 4.97%, heightened inflation concerns, and reinforced expectations of further Bank of England rate hikes.

Germany's 10-year yield was up 2 basis points to 3.02%.

Currencies: (EUR:USD [https://seekingalpha.com/symbol/EUR:USD]) (GBP:USD [https://seekingalpha.com/symbol/GBP:USD]) (CHF:USD [https://seekingalpha.com/symbol/CHF:USD])

ETFs: (NYSEARCA:EWG [https://seekingalpha.com/symbol/EWG]), (NYSE:GF [https://seekingalpha.com/symbol/GF]), (NYSEARCA:EWI [https://seekingalpha.com/symbol/EWI]), (NYSEARCA:EWQ [https://seekingalpha.com/symbol/EWQ]), (NASDAQ:FGM [https://seekingalpha.com/symbol/FGM]), (NASDAQ:DAX [https://seekingalpha.com/symbol/DAX]), (NYSEARCA:FLGR [https://seekingalpha.com/symbol/FLGR]), (NYSEARCA:FXB [https://seekingalpha.com/symbol/FXB]), (NYSEARCA:EWU [https://seekingalpha.com/symbol/EWU]), (NASDAQ:FKU [https://seekingalpha.com/symbol/FKU]), (BATS:EWUS [https://seekingalpha.com/symbol/EWUS]), (NYSEARCA:FLGB [https://seekingalpha.com/symbol/FLGB]), (NYSEARCA:GREK [https://seekingalpha.com/symbol/GREK])

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