Europe indexes muted as investors await major central bank decisions

[Global Business Strategy on Digital Display]

London (UKX [https://seekingalpha.com/symbol/UKX]) -0.25% to 10,352. The pound steadied above $1.35, bouncing back from two-week lows.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +0.09% to 24,149. German consumer confidence fell more than expected, sinking to a more than three-year low in May.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) -0.12% to 8,147.

In other parts of Europe,

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews] (STOXX) [https://seekingalpha.com/symbol/STOXX#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews] traded 0.22% lower to 609.3 as investors kept a close watch on developments in the Middle East. Iran has reportedly presented the U.S. with a new proposal [https://seekingalpha.com/news/4579786-iran-offers-deal-to-us-to-reopen-strait-delay-nuclear-talks-axios-reports] aimed at reopening the Strait of Hormuz and ending the conflict while postponing nuclear negotiations to a later stage. Meanwhile, investors are preparing for a busy week of major central bank decisions, including announcements from the Fed, the ECB, and the BoE.

The euro strengthened above $1.17, recovering from two-week lows recorded last week, as investors await a busy week of economic releases, including Eurozone inflation and GDP data.

In the bond market, the yield on the US 10-year Treasury was up 1 basis point to 4.32%.

UK's 10-year yield was up 4 basis points to 4.95%, approaching 2008 levels, as oil prices surged.

Germany's 10-year yield was up 1 basis point to 3.02%, nearing its highest level since 2011.

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#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSE:GF [https://seekingalpha.com/symbol/GF#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:EWI [https://seekingalpha.com/symbol/EWI#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:EWQ [https://seekingalpha.com/symbol/EWQ#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NASDAQ:FGM [https://seekingalpha.com/symbol/FGM#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NASDAQ:DAX [https://seekingalpha.com/symbol/DAX#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:FLGR [https://seekingalpha.com/symbol/FLGR#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:FXB [https://seekingalpha.com/symbol/FXB#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:EWU [https://seekingalpha.com/symbol/EWU#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NASDAQ:FKU [https://seekingalpha.com/symbol/FKU#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (BATS:EWUS [https://seekingalpha.com/symbol/EWUS#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:FLGB [https://seekingalpha.com/symbol/FLGB#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews]), (NYSEARCA:GREK [https://seekingalpha.com/symbol/GREK#hasComeFromMpArticle=false#source=section%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews])

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