Premarket: European stocks gain as U.S. yield surge pauses

European stocks opened higher on Thursday, after a plunge in oil prices and softer U.S. labour data late on Wednesday helped bring U.S. Treasury yields back down from 16-year highs.

Traders are now looking to U.S. jobs data to give clues as to whether the bonds sell-off will continue. U.S. initial jobless claims are due later on Thursday, followed by non-farm payrolls and the unemployment rate on Friday. Analysts said more evidence would be needed to see if the labour market was cooling. ING FX analysts cautioned in a client note that markets may be putting too much weight on Wednesday’s private payrolls data.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premarket: Global stocks slip as rising U.S. bond yields spook investorsU.S. dollar holds near recent highs as Fed officials suggest rates won’t be coming down any time soon
Source: globeandmail - 🏆 5. / 92 Read more »

Premarket: Bond rout keeps world stocks pinned downRisk appetite sours as investors bet interest rates will remain higher for longer
Source: globeandmail - 🏆 5. / 92 Read more »

Stock market today: Unrelenting rise in Treasury yields drags Wall Street lowerWall Street is sinking again under the weight of higher yields in the bond market.
Source: CTVNews - 🏆 1. / 99 Read more »

Stock market today: Unrelenting rise in Treasury yields drags Wall Street lowerNEW YORK (AP) — Wall Street is sinking again under the weight of higher yields in the bond market. The S&P 500 fell 0.5% early Tuesday and is back to where it was in June. The Dow fell 157 and the Nasdaq composite was down 0.6%.
Source: SooToday - 🏆 8. / 85 Read more »