European markets closed with mixed results
European equity markets finished the session with mixed results as investors balanced optimism surrounding the new UK government against broader macroeconomic concerns.
The German DAX rose 30.67 points or 0.12% to 24,861.66, while the French CAC 40 rose 1.30 points or 0.02% to 8,340.12.
In contrast, the UK’s FTSE 100 fell 75.63 points or -0.71% to 10,524.75, and Italy’s FTSE MIB fell 19.49 points or -0.04% to 51,862.78.
Government 10-year bond yields moved modestly higher across the region, with the UK 10-year Gilt yield rising 6.3 basis points to 5.036%, and the German 10-year Bund yield rising 0.9 basis points to 3.151%