European stocks set to retreat as bond yield spike spooks global markets

📆 3/19/2021 4:14 AM
📰 CNBC

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European markets are set for a lower open Friday after a spike in bond yields reignited concerns about stock valuations and prompted a sell-off on Wall Street.

are also in focus after a slump on Friday, as reports of new waves of coronavirus infections and further lockdown measures in Europe dampened the outlook for crude demand./University of Oxford Covid-19 vaccine Friday, after British and European medicines regulators recommended it continue to be used following concerns over a small number of recipients developing blood clots.

On the data front, British consumer sentiment notched a one-year high in March, according to a GfK survey, with hopes for an imminent economic recovery growing, as the country seeks to emerge from nationwide lockdown measures in the coming months.

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