European markets almost flat as investors read economic signals

[Global Business Strategy on Digital Display]

London (UKX [https://seekingalpha.com/symbol/UKX]) -0.14%.

Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) +0.05%. The S&P Global Germany Manufacturing PMI was revised slightly higher to 51.4 in April.

France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) -0.52%, France's S&P Global Manufacturing PMI rose to 52.8 in April.

In other parts of Europe, the S&P Global Eurozone Manufacturing PMI climbed to 52.2 in April.

Switzerland’s procure.ch–UBS Manufacturing PMI rose to 54.5 in April.

The S&P Global Italy Manufacturing PMI climbed to 52.1 in April.

The S&P Global Spain Manufacturing PMI rose to 51.7 in April.

Sweden’s Swedbank Manufacturing PMI rose to 57.2 in April.

Austria’s unemployment rate rose to 7.5% in April.

Producer prices in Hungary rose by 1.2% Y/Y in March.

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] moved 0.20% lower to 610.3 as traders returned from a long weekend to renewed tariff threats from U.S. President Trump. Automakers led the declines after Trump announced plans to raise tariffs on European Union [https://seekingalpha.com/news/4584515-european-auto-in-focus-after-trump-tariff-move-continental-mercedes-benz-and-volkswagen-slip] car and truck imports to 25%, up from 15%, effective this week.

European leaders are gathering in Armenia to discuss key issues like energy security and democratic resilience, but the summit is being overshadowed by escalating tensions with U.S. President Donald Trump.

The euro traded near $1.17 in early May as investors assessed Middle East tensions. Bitcoin climbed above $80,000 [https://seekingalpha.com/news/4584498-bitcoin-tops-80000-to-hit-three-month-high-ether-advances] in early May, reaching its highest level since February.

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 flat at 4.95%.

Germany's 10-year yield was up 2 basis points to 3.05%, hovering near multi-year highs.

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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