European stocks extend rebound amid focus on US bond market

2021-03-02 12:53:22 GMT (Economies.com)
European stocks extend rebound amid focus on US bond market

European stocks rose on Tuesday, extending their recovery from a 3-week low for the second straight session, following strong gains in Wall Street, but the US bond market remains in the spotlight.

 

The Stoxx Europe 600 index rose 0.5% as of 11:55 GMT, after it closed higher by 1.8% yesterday, after hitting on Friday a 3-week low at 404 points.

 

The construction sector saw the largest gains in Europe today, rising around 1.1%, as most of the sector's companies recovered.

 

S&P 500 futures fell more than 0.3%, after the index closed higher by 2.4% after the US House of Representatives passed a $1.9 trillion fiscal stimulus package.

 

The yield of the US 10-year Treasury rose 2.2% today, extending its gains for the second straight day and hit a 1-year high.

 

Back to Europe, the Euro Stoxx 50 index rose 0.5%, France's CAC 40 rose 0.6%, and Germany DAX index rose 0.5%, the UK's FTSE 100 rose 0.7%.

 
 
 
  Symbol Last Change Chg.%
1.2060
0.0034
0.2848%
1.3876
-0.0077
0.5511%
Tadawul
10127.90
18.31
0.18%
26.088
0.297
1.151%
61.801
-1.377
2.180%
65.57
0.17
0.26%
1785.320
13.870
0.783%
 
 
US
 
Europe
 
Asia