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European shares drop as bond rout sparks profit taking | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
European, Asian stocks slide Gulf Today Report European stocks declined on Friday as investors put in money in high-flying technology shares due to worries of rising inflation.
The benchmark European stock index was down 0.6%, London s FTSE 100 slipped 0.2% and Germany s DAX lost 0.1%, both well off session lows.
Roland Kaloyan, strategist at SocGen said, Investors are actually looking at the pace at which yields drop and the current speed is quite concerning for equity markets.
Eurozone government bond yields, however, stabilised on Friday, although Germany s benchmark yield was still headed for its biggest monthly jump since 2016. READ MORE ....
3 Min Read (Reuters) - European stocks closed lower on Friday, ending three weeks of gains as investors booked profits in technology and commodity-linked shares due to concerns over rising inflation and interest rates on the back of a jump in bond yields. The benchmark European stock index fell 1.6%, and shed 2.4% for the week - its first weekly loss this month - with technology stocks losing the most as they continued to retreat from 20-year highs. On the day, resource stocks were the softest-performing European sectors, tumbling 4.2% from a near 10-year high in their worst session in five months. “Equity markets across the U.S. and Europe are quite expensive now and with bond yields constantly rising, the fixed income market is proving to be more attractive than the riskier equity market,” said Roland Kaloyan, a strategist at SocGen. ....
European shares drop as bond rout sparks profit taking reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Червена вълна заля световните борси* manager.bg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manager.bg Daily Mail and Mail on Sunday newspapers.