European markets opened lower after a global market rebound

London -0.45%.

Germany -0.19%. Germany February wholesale price index +0.1% vs +0.2% m/m prior.

France -0.61%. France February final CPI +6.3% vs +6.2% y/y prelim.

The pan-European Stoxx 600 was down 0.5% toward the start of trade, with most sectors and major bourses trading in the red. Retail stocks led losses, followed by oil and gas stocks. Banking stocks were also down.

Coming up in the session: Eurozone January industrial production at 1000 GMT; US MBA mortgage applications w.e. 10 March at 1100 GMT. UK budget in focus later today.

ECB reportedly still leaning towards 50 bps rate hike tomorrow.

In bond market, The yield on 10-year Treasuries was up more than four basis point to 3.68%.

Germany’s 10-year yield was up more than two basis point to 2.47%.

Britain’s 10-year yield was up more than three basis point to 3.51%.

ETFs: (EWG), (GF), (EWI), (EWQ), (EWGS), (FGM), (DBGR), (DXGE), (HEWG), (DAX), (FLFR), (FLGR), (FLIY), (FXB), (EWU), (FKU), (EWUS), (HEWU), (FLGB).