February 10 (Reuters) – European stock markets ended mixed on Tuesday, mainly with corporate results as catalysts, while US retail sales in December surprised by their stagnation.
In Paris, the CAC 40 ended up 0.06% at 8,327.88 points. In Frankfurt, the Dax fell 0.12% and in London, the FTSE 100 lost 0.31%.
The EuroStoxx 50 index fell by 0.16%, the FTSEurofirst 300 by 0.15% and the Stoxx 600 by 0.04%.
The British Stock Exchange was particularly penalized by the suspension by BP (-6.13%) of its share buybacks and the departure of the financial director of the Standard Chartered bank (-5.75%), Diego De Giorgi.
In Germany, the European tour operator TUI (-4.88%) weighed on the markets due to concerns about the weakness of its future reservations, despite an operating profit higher than expectations for the first quarter.
European insurance groups fell 1.80% amid fears about the potential impact of new artificial intelligence (AI) tools on the sector.
Conversely, Kering’s results (+10.90%) in the fourth quarter were welcomed, pulling in their wake the Parisian market and the entire pan-European luxury sector (+2.82%).
Across the Atlantic, US retail sales remained stable in December, suggesting a slowdown in the growth of consumer spending and the economy in general at the start of the year. Economists polled by Reuters had forecast an increase of 0.4%.
“Overall, earlier signs of strong consumption may start to fade, consistent with sluggish sentiment indicators and a falling savings rate,” said Thomas Ryan, North America economist at Capital Economics. “That said, given the expected stimulus measures with the payment of larger refund checks (financed by customs duties, editor’s note), consumption at the end of the first quarter could turn out to be much stronger than it currently appears at the start.”
However, this data weighed on both US Treasury bonds and European bonds.
The German 10-year yield – traditionally the benchmark for the euro zone – fell to 2.802%, the lowest level since mid-January.
The US 10-year bond fell 6 basis points as investors revised their bets on a reduction in interest rates from the Federal Reserve upwards.
According to CME’s FedWatch tool, the probability of the Fed maintaining rates in June plummeted to 24%, compared to 44% the previous week, reinforcing the conviction of a change of course.
Investors are now awaiting the US employment report on Wednesday, delayed after the temporary “shutdown” of the federal administration, and the consumer price index, which will be published on Friday.
A WALL STREET
At closing time in Europe, the Dow Jones rose 0.55%, the Standard & Poor’s 500 rose 0.06% and the Nasdaq Composite fell 0.09%.
In terms of values, the action of hotel operator Marriott International hit a record after its fourth quarter results, with an increase of around 8.4% to $358.77.
The retailer Target, which announced a management reshuffle, lost 1.18%.
TODAY’S INDICATORS
U.S. retail sales unexpectedly stagnated month-over-month in December, data released Tuesday by the Commerce Department showed.
Economists polled by Reuters expected an increase of 0.4% after +0.6% in November.
CHANGES
The dollar, unchanged at the start of the day, fell against the main European currencies after the publication of American retail sales. It lost 0.07% against a basket of reference currencies.
The euro lost 0.08% to 1.1904 dollars.
RATE
US yields fell sharply after disappointing retail sales data for December. The yield on ten-year Treasuries lost 6.1 basis points to 4.1367% and the two-year treasury lost 3.3 basis points to 3.4499%.
The yield on the ten-year German Bund fell by 3.5 basis points to 2.8048% and the two-year by 0.5 basis point to 2.0523%.
OIL
Oil prices fell after a small rise during the day, as traders assessed the potential for supply disruptions after US directives regarding the security of ships transiting the Strait of Hormuz, against a backdrop of tensions between Washington and Tehran.
Brent fell 0.36% to $68.79 per barrel and American light crude (West Texas Intermediate, WTI) fell 0.64% to $63.95.
TO BE CONTINUED ON WEDNESDAY:
THE SITUATION ON THE MARKETS
(Some data may have a slight lag)
(French version by Kate Entringer)
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date: 2026-02-11 00:01:00
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