European markets mostly higher following Asian peers

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London (UKX [https://seekingalpha.com/symbol/UKX]) +0.17%, heading for a weekly advance and tracking gains across Asian peers.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +0.53%, breaking above the 25,700 mark to set another record high and extend gains for a fourth straight session. Germany's June services PMI tops forecasts. [https://seekingalpha.com/news/4609817-germanys-june-services-pmi-tops-forecasts#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Anews_title]

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) -0.03%. France composite PMI misses market estimates [https://seekingalpha.com/news/4609816-france-composite-pmi-misses-market-estimates#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Anews_title].

In other parts of Europe, Italy's retail sales rose 0.2% month-on-month in May.

The HCOB Spain Composite PMI rose to 53.3 in June 2026 from 50.2 in May.

Euro Area PMI lifts above estimates [https://seekingalpha.com/news/4609818-euro-area-pmi-lifts-above-estimates#source=url_first_level%3Amarket-news%7Csection%3Amarket-pulse%7Csection_asset%3Anews_title].

The pan-European Stoxx 600 [https://seekingalpha.com/symbol/STOXX] (STOXX) [https://seekingalpha.com/symbol/STOXX] edged up 0.31% to €650, tracking the upbeat sentiment across Asian markets after China's services PMI data came in above expectations, while a softer-than-expected US jobs report yesterday helped to ease concerns of an imminent rate hike by the Fed. Technology, industrials, automakers, and utilities led the gains.

In the bond market, the yield on the US 10-year Treasury was up 1 basis point to 4.86%

UK's 10-year yield was up 1 basis point to 4.79%.

Germany's 10-year yield was up 2 basis points to 2.92%.

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])

MORE ON EUROPE

* U.S. Hiring Slows Sharply In June, Unemployment Rate Ticks Down To 4.2%; EUR/USD Technical Analysis [https://seekingalpha.com/article/4919628-us-hiring-slows-sharply-in-june-unemployment-rate-ticks-down-to-4-2-percent-eur-usd-technical-analysis]
* The U.S. Labor Market Is Losing Momentum - As Is The USD [https://seekingalpha.com/article/4919563-us-labor-market-losing-momentum-as-is-usd]
* Macro Insights: H2 Outlook, A Hawk-Eyed Fed, And The AI TAM Contraction [https://seekingalpha.com/article/4919201-macro-insights-h2-outlook-a-hawk-eyed-fed-and-the-ai-tam-contraction]
* Eurozone unemployment rate holds steady at 6.2% in May [https://seekingalpha.com/news/4609557-eurozone-unemployment-rate-holds-steady-at-62-in-may]
* Europe markets in green as risk appetite lifts [https://seekingalpha.com/news/4609542-europe-markets-in-green-as-risk-appetite-lifts]