European stocks rise following Wall Street rebound

2021-05-14 12:21:52 GMT (Economies.com)
European stocks rise following Wall Street rebound

European stocks rose on Friday, following Wall Streets rebound yesterday led by technology shares.

 

Recent economic data in the US signaled a rise in inflation, which raised market concerns.

 

Data also showed a jump in the US consumer price index during the past month.

 

President of the Federal Reserve Bank of St. Louis James Bullard projected that the US inflation rate will rise above the Fed's target of 2% during 2022.

 

This lifted the US Treasury bond yields, which weighs down on stocks and commodities.

 

Back to Europe, the pan Stoxx Europe 600 index rose by 0.4% or 1.5 points, to 439 points as of 09:13 GMT.

 

France's CAC 40 rose 0.5% or 47 points to 6,321, Germany's DAX index rose 0.4% or 56 to 15,256, and the UK's FTSE 100 rose 0.7% or 47 points to 7,010.

 
 
 
  Symbol Last Change Chg.%
1.1927
0.0026
0.2142%
1.3916
0.0022
0.1601%
Tadawul
10919.68
6.62
0.06%
25.948
-0.040
0.154%
73.301
1.475
2.054%
75.56
0.32
0.43%
1775.470
-2.920
0.164%
 
 
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