European Stocks Up, Government Bond Yields Continue to Rise
European stock markets opened higher Monday, adding to the rally that followed last week’s U.S. election.
The Stoxx Europe 600 index was up by 1.1% shortly after trading began.
Safe sovereign bonds also continued to sell off at the open, with yields on 10-year U.K. gilts rising as high as 1.45%.
The yield on German 10-year bunds climbed toward 0.4%, reaching the highest level since the end of January.Asian markets were mixed again, with Japan’s Nikkei 225 rising sharply on better than expected economic growth figures. Japan’s economy grew by 2.2% on an annualized basis, faster than the 0.9% expansion expected.
But elsewhere in Asia, emerging market stocks sold off again, with the Philippines PSEI falling 1.5%, and Indonesia’s JSX falling 2.0%.
European stock markets opened higher Monday, adding to the rally that followed last week’s U.S. election.
The Stoxx Europe 600 index was up by 1.1% shortly after trading began.Safe sovereign bonds also continued to sell off at the open, with yields on 10-year U.K. gilts rising as high as 1.45%.
The yield on German 10-year bunds climbed toward 0.4%, reaching the highest level since the end of January.Asian markets were mixed again, with Japan’s Nikkei 225 rising sharply on better than expected economic growth figures. Japan’s economy grew by 2.2% on an annualized basis, faster than the 0.9% expansion expected.
But elsewhere in Asia, emerging market stocks sold off again, with the Philippines PSEI falling 1.5%, and Indonesia’s JSX falling 2.0%.
No comments:
Post a Comment