European stocks mixed, Ifo drops, oil prices up, US & Germany treasury yields shift amid Middle East tensions.

European stocks traded mixed amid rising Middle East tensions, with the Stoxx 600 index slightly up 0.01%. Germany's Ifo Business Climate indicator dropped to its lowest since Feb at 86.6. Oil prices increased due to conflict concerns, and US 10-year Treasury yield fell 1bp to 3.79%, while Germany's and UK's yields rose by 2bps and less than 1bps respectively.

August 26, 2024
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