European stocks rebound from 6-month low amid calm trading in markets

2019-08-16 11:13:25 GMT (Economies.com)
European stocks rebound from 6-month low amid calm trading in markets

European stock market opened higher today, to rebound from the 6-month low reached yesterday, heading for the first gain in the last three days, amid calm trading in global markets, after the recovery of the US Treasury yield curve.

 

As of 08:43 GMT, Stoxx Europe 600 rose by more than 1.0%, after closing yesterday lower by 0.3%, its second daily loss and the lowest level since February 11.

 

the renewed global trade war concerns were the main reason for yesterday's losses, after China warned of response to US tariffs.

 

The index rose today in the last session of the week,to rebound from the 6-month low, as most of the European markets and sectors.

 

The tech sector led the market today, with investors risk appetite rising, amid calm trading in global markets.

 

The 10-year US Treasury bond yield rebounded to trade again above the 2-year Treasury yield, after its last inversion which has raised concerns about the US economy's near recession.

 

S&P 500 futures rose by more than 0.9%, after it closed yesterday in Wall Street higher by 0.25%, due to strong US retail sales data.

 

Euro Stoxx 50 rose by 1.1%, with France's CAC 40 index rising by 1.0%, Germany's DAX rose by 1.0%, and in London the FTSE 100 rose by 0.8%.

 
 
 
  Symbol Last Change Chg.%
1.1022
0.0002
0.0155%
1.2472
0.0003
0.0236%
17.964
0.513
2.940%
58.477
3.583
6.527%
64.28
-0.12
0.19%
1516.410
27.430
1.842%
 
 
US
 
Europe
 
Asia