Stocks regain some ground, bonds steady after rate angst sell-off

LONDON, May 30 - European stocks edged higher on Thursday as bonds regained some ground after a sell-off the day before on bets that global interest rates would stay high due to sticky inflation.

Germany's DAX , opens new tab, France's CAC , opens new tab and Britain's FTSE 100 , opens new tab eked out gains of 0.1%-0.4%.Germany's 10-year bund yield , which earlier touched a six-month high at 2.687%, was little changed at 2.685%. Bond yields move inversely to prices. Markets are pricing in around 60 basis points of easing from the ECB this year , implying two quarter-point rate cuts and around a 40% chance of a third.

"From this perspective, PCE not ticking higher could be a welcome surprise. But should it heat up further from sticky levels, appetite for risk will be taken out the back for a good kicking." In the currency market, the dollar softened, having earlier knocked the euro to an over two-week low of $1.07885.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fad stocks vs. trend stocks: ExplainedAre you considering venturing into the stock market? You may want to be cautious about fad and trend stock investments. Fad stocks are often characterized by...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

A Heavy Monsoon Season Is Great News for These Indian StocksStocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

A Heavy Monsoon Season Is Great News for These Indian Stocks(Bloomberg) -- Stocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Oil price news: Oil trades near 3-month low on rising stocks and hawkish FedOil steadied near the lowest closing level in three months as traders weighed rising U.S. crude stockpiles and signs that the U.S. Federal Reserve may hold interest rates higher for longer.
Source: BNNBloomberg - 🏆 83. / 50 Read more »