The picture in the European markets is improving, with most indices continuing to rise after the negative start in the climate of concern that has shaped the rally of bond yields in the US and Europe.
The new rally in yields has led to heavy losses in the Wall Street indices, with investors preparing for a historic turn of the Federal Reserve this year to tighter monetary policy in order to curb inflation. The 10-year yield in the US exceeded 1.87%, climbing to a two-year high. The yield started the year close to 1.5%.
In Europe, the performance in 10 years of Germany went above zero today for the first time since 2019 as investors expect the European Central Bank to gradually adjust its stance to deal with the inflation rally. Data released in December showed that Eurozone inflation hit a new record, climbing to 5%, which is expected to increase pressure on the ECB to take action.
On the board, the pan-European STOXX 600 index moves with small gains of 0.2% to 480.95 points.
The German DAX gained 0.2% to 15,800.47 points, the French CAC 40 gained 0.6% to 7,174.21 points, while the British FTSE 100 gained just 0.1% to 7,572.19 points after the data. showed that inflation in the United Kingdom had jumped to its highest level since 1992.
In particular, the consumer price index recorded an annual jump of 5.4% in December, as announced today by the British Statistical Office. Analysts’ average estimates put inflation at 5.2%.
In the periphery, the Italian FTSE MIB fell 0.4%, while the Spanish IBEX 35 gained 0.6%.
.
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
