OctaFX | OctaFX Forex Broker
Open trading account

European stocks rise along with the benchmark bond yields

FXStreet (Mumbai) - The European stock markets have inched higher today, ending an eight-day losing streak. The rise in the equity markets has been accompanied by falling bond prices in most of the European nations.

The Dax is trading almost 2% higher while the Ftse has gained 1.16%. The French stock market is close to a 2% gain. Meanwhile, the markets in the periphery Eurozone nations are also trading in the green.

Moreover, the rising stock prices led to a fall in the benchmark bond prices across the Eurozone. The German ten-year bund yield is trading three basis points up at 0.860%, while the French ten-year yield has added five basis points to trade at 1.305%. In the meantime, the ten-year Gilt yield in the UK has gained ten basis points to trade at 2.199%.

Moreover, the European equity indices saw more than USD 5 trillion being wiped out from the recent rout in the stock markets. Markets rallied today tracking the recovery in the US Equity markets, which were led higher by St. Louis Federal Reserve Bank President James Bullard, who said the Fed should consider delaying the end of its bond purchase program.

GBP/USD spikes to 1.6100

The sterling is trading on a firm tone on Friday, now lifting GBP/USD beyond the 1.6100 key handle...
Read more Previous

Fed's Bullard suggests QE3 end should be delayed - BTMU

Derek Halpenny, European Head of Currency Strategy at the Bank of Tokyo Mitsubishi UFJ notes that from St Louis Fed President Bullard said on Thursday that the end of the central bank's QE3 program shouldn't be ended at the next monetary policy meeting.
Read more Next
Start livechat