The Stoxx Europe 600 SXXP, -0.12% traded 0.1% lower, following weakness in the U.S. on Wednesday, in the technology-heavy Nasdaq Composite COMP, -2.01% in particular. The drop came in a session with little movement in the bond market, with the yield on the 10-year Treasury TMUBMUSD10Y, 1.621% at 1.62% on Thursday. Tech stocks of late have been pressured when bond yields climb, as it makes their relative valuation look worse.
AstraZeneca AZN, +0.38% AZN, -1.23% shares rose 0.9% after the drug company revised lower its estimate of its vaccine efficacy to 76% from 79% following a dispute with a U.S. regulator. AstraZeneca’s vaccine production is at the heart of a dispute between the U.K. and the European Union, and the two sides on Wednesday said they would look to expand vaccine supply for all.
Cineworld CINE, -10.60% shares tumbled 9%, after the company said it is planning to issue a $213 million convertible bond at a 7.5% interest rate. The cinema operator recorded a $1.3 billion pretax loss in 2020 and said its base case is that its cinemas will reopen in May. Aroundtown AT1, -3.21% shares fell 5%, as the operator of commercial real estate in Germany and the Netherlands reported a sharper-than-forecast 29% drop in funds from operation per share in 2020 and guided for a weaker 2021 performance than analysts anticipated.
Do you think this is what people really need right now?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Is the stock market open Good Friday? Here are the exchanges closed on the holiday and on Easter MondayHere are the schedules for the stock and bond markets around Easter Monday and Good Friday. Not defi 😂🤑 Well needed break!!
Source: MarketWatch - 🏆 3. / 97 Read more »
10-year Treasury yield slips below 1.70% as bond market finds footingU.S. Treasury yields slip early Tuesday as the bond-market settles following good economic data from the services sector and the labor market in the past few... Follow and buy safemoon let’s go to the MOON and be SAFE! 🚀🌙 SAFEMOON Safemoonarmy safemoonfamily Nothing safe. Only on your pocket is safe Treasury yields will be safer. Be warned that wall street will dump bill hwang shares big time of around - $80 billion worth of shares. Its going to be anytime soon. Take your profits while you can
Source: MarketWatch - 🏆 3. / 97 Read more »
European stocks slip as lockdowns cloud growth outlookEuropean stocks inched lower in early trading on Thursday as investors grew wary about the economic outlook following a new round of coronavirus restrictions in the euro zone and regulatory concerns hit Chinese stocks. Hey you my name is Alfons Scholing im looking for a job as a creative. I have experience. And can draw! I live in Amsterdam. Please help! I’m desperate! No joke! Take a look at this thread! For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blaketeddy56 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: Reuters - 🏆 2. / 97 Read more »
European stocks mint fresh record with bond yields under controlEuropean stocks edged higher in early action on Thursday, with equities resuming their upward march with bond yields under control. But USA stock market is going to hell day by day
Source: MarketWatch - 🏆 3. / 97 Read more »