European markets drop on economic data
France -0.66% France services PMI at the end of January 49.4 vs. 49.2 preliminary
Italy January Services PMI 51.2 vs 51.0 expected
Spain January services PMI 52.7 vs 52.5 expected
European Union Stoxx 600 down 0.54% in early trading, with the drop in car prices leading to losses as all major sectors and exchanges were in the red.
Upcoming in session: French government budget balance and euro area PPI on the chart.
In the bond market, the 10-year US Treasury yield was almost unchanged at 3.40%.
German 10-year yields rose 7 basis points to 2.13%.
The UK 10-year bond yield rose 4 basis points to 3.05%.
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