"When the economy is roaring, they're roaring. When the economy is weakening, they're weakening," Ghriskey said."The economy will roar, at least for a period of time. There's huge pent-up demand, whether just for travel or going back to work."
European shares edged higher on Friday as an upbeat earnings report from Hermes boosted confidence in a broader economic recovery. The pan-European STOXX 600 index closed up 0.53%. The benchmark 10-year yield was last up 5.6 basis points at 1.3381%, its highest level in about a year. Unusually cold weather in Texas and the Plains states curtailed up to 4 million barrels per day of crude oil production and 21 billion cubic feet of natural gas, analysts estimated.
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