London — European stocks dipped and bond yields drifted higher on Tuesday, as data from the eurozone’s top economies bolstered the case for the European Central Bank (ECB) to signal a sizeable cut this week to its stimulus measures. The latest round of global activity surveys showed German businesses enjoying their strongest jump in new orders in six-and-a-half-years, banks seeing stronger credit demand and France’s rebound firmly intact. Minor misses to some of the headline forecasts kept enthusiasm in check but were not enough to stop benchmark German 10-year bond yields climbing to their highest in almost two weeks. The pan-European Stoxx 600 index was broadly flat meanwhile, with London’s FTSE 100 retreating 0.1% and Paris’s CAC 40 and Germany’s DAX up 0.1%-0.2%. Apple supplier AMS saw a spectacular 15% jump after it pointed to strong demand ahead of the iPhone X release. Strong profits from Spain’s Caixabank also lifted the Ibex after its Catalonia-related underperformance with...
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