Nasdaq Index Futures Surge as U.S. Treasury Yields Halt Rally
Bloomberg 3/9/2021 Ishika Mookerjee and Filipe Pacheco
(Bloomberg) Futures for the Nasdaq 100 Index surged, signaling a rebound in tech stocks on Wall Street following Monday’s selloff, as the advance in Treasury yields came to a halt.
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The March contracts were up 2.2% as of 9:42 a.m. in London, while futures on the S&P 500 Index rose 1.1% and those on the Dow Jones Industrial Average gained 0.6%. The Nasdaq 100 Index dropped 2.9% on Monday, while the Philadelphia Semiconductor Index tumbled 5.4%. Ten-year Treasury yields were down 5 basis points at 1.54%, pausing after a four-day increase.
European equities rose, snapping their longest losing streak since October, as economically sensitive sectors rallied and luxury-goods shares were boosted by positive earnings updates.
(Bloomberg) European equities rose, snapping their longest losing streak since October, as economically sensitive sectors rallied and luxury-goods shares were boosted by positive earnings updates. The Stoxx Europe 600 Index advanced 0.5% at the close, erasing a weekly loss and trading within about 5% of a record high reached exactly a year ago. Miners, banks and travel shares led gains as defensive sectors such as health-care companies lagged. Hermes International and Moncler SpA climbed more than 3% after better-than-estimated results. One year after the pandemic fueled a rout in European stocks, the Stoxx 600 is still recovering. It fell for the past three days, before clawing back some gains on Friday to close just 0.2% higher for the week. Strategists on average expect a further advance for the region’s equities this year, with many saying a pullback may be temporary. “I am thinking this is a healthy setback after the strong start to the year,” said Ulrich Urbahn, head of m
European Stocks Climb to Reverse Weekly Loss as Cyclicals Lead
This content was published on February 19, 2021 - 17:12
February 19, 2021 - 17:12
(Bloomberg) European equities rose, snapping their longest losing streak since October, as economically sensitive sectors rallied and luxury-goods shares were boosted by positive earnings updates.
The Stoxx Europe 600 Index advanced 0.5% at the close, erasing a weekly loss and trading within about 5% of a record high reached exactly a year ago. Miners, banks and travel shares led gains as defensive sectors such as health-care companies lagged. Hermes International and Moncler SpA climbed more than 3% after better-than-estimated results.
One year after the pandemic fueled a rout in European stocks, the Stoxx 600 is still recovering. It fell for the past three days, before clawing back some gains on Friday to close just 0.2% higher for the week. Strategists on average expect a further advance for the region’s equities this year, with
Publishing date: Dec 23, 2020 • December 23, 2020 • 1 minute read •
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(Bloomberg) European equities gained on Wednesday amid optimism that negotiators are drawing closer to a historic post-Brexit trade deal.
The Stoxx Europe 600 Index rose 1.1% by the close in London, with travel, banks and energy stocks advancing the most. The FTSE 250 Index jumped 1.7% to the highest since Feb. 26 as officials familiar with the matter said the outline of a post-Brexit trade agreement has been reached. The pound’s strength was a drag on the FTSE 100, which only rose 0.7%.
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