European stocks reverse losing streak while US sentiment remains fragile

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World markets have taken a hit this week as US bond yields reached multi-year highs

US markets were poised to end Thursday in the red despite a slide in bond yields which would usually move in reverse to stocks. Photograph: Michael M. Santiago/Getty Images)

As yields ease dipped from their Wednesday peak, indexes across Europe were in the green by closing on Thursday. Insulation firm Kingspan fell 1.29 per cent to €68.62, while home builder Cairn was down 0.37 per cent to €1.08, and peer Glenveagh remained flat at €0.96. The FTSE 100 climbed 0.53 per cent, to close at 7,451.54, while the FTSE Mid-Cap 250 was up 0.61 per cent, to 17,599.98.

Tesco shares rose 3.55 per cent after multiple analysts raised their target price on the retailer a day after its half year earnings.The German DAX lost 0.20 per cent, closing at 15,070.22, while the French CAC fell 0.02 per cent to 6,995.48.

 

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