European markets cautiously higher, echoing Wall Street rebound

London +0.27%.

Germany +0.22%.

France +0.17%.

The pan-European Stoxx 600 index climbed 0.2% in early trade, with basic resources adding to lead gains while retail stocks slid.

UK July payrolls change +73k vs +31k prior.

Coming up in the session: Eurozone June trade balance data at 0900 GMT; Germany ZEW survey economic sentiment at 0900 GMT.

In bond market, The yield on 10-year Treasuries was little changed to 2.79%.

Germany’s 10-year yield was up more than two basis point to 0.92%.

Britain’s 10-year yield was up more than two basis point to 2.04%.

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