European stocks gain as US yields back down

LONDON, Oct 5 - European stocks rose 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.

But the bond sell-off paused after a cooler-than-expected U.S. private payrolls report and a 5% drop in oil prices, prompting a recovery in risk appetite.European government bond yields were mixed, with the benchmark 10-year German yield up 2 basis points at 2.921% . The German curve was its least inverted since March.The MSCI world equity index , which tracks shares in 47 countries, was up 0.3%, rebounding from the previous session in which it hit its lowest since late March.

"The question everyone’s asking is: can yields continue to rise further and at what point are yields going to cause some serious damage on the economy?” said Baylee Wakefield, a portfolio manager at Aviva Investors. "There is a risk that the breather in bonds and the dollar correction are too reliant on expectations of a jobs data miss," ING said in a client note.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks slip, yields rise after US jobs data suggest higher ratesKitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »