There was pressure for European equities, but especially for the Nasdaq-100 futures on Friday, as Treasury yields resumed their rise.
Stoxx Europe 600 index SXXP,
fell 0.5% to 423.13 after a four-session win. DAX German DAX,
decreased by 0.3%, while the French CAC 40 PX1,
and indices FTSE 100 UKX,
they were flat. Euro EURUSD,
and GBPUSD pounds,
fell against the DXY dollar,
which has strengthened everywhere.
A familiar scenario has emerged for investors with the Nasdaq-100 NQ00 futures,
a decrease of more than 1% in yield to the US Treasury over 10 years TMUBMUSD10Y,
rose 6 basis points to 1.58% a day after falling below 1.5% for the first time in a week. Dow futures YM00,
low and S&P 500 futures ES00,
decreased by 0.5%.
European and US equities rose on Thursday after President Joe Biden signed a $ 1.9 trillion stimulus bill, and the European Central Bank said it would speed up its bond-buying plan as it continues to fight. against the effects of the pandemic on economies.
Read: The ECB has just pulled back against rising bond yields, holding traders safe
While the ECB’s position boosted gains on bonds in the region on Thursday, those assets were again under some pressure on Friday. The German 10-year government bond produces TMBMKDE-10Y,
increased by 2 basis points to 0.308% negative. Yield for 10-year-old gold TMBMKGB-10Y from the UK,
increased by 4 basis points to 0.781%. Yields are moving in the opposite direction to prices.
The data showed that the UK economy fell by 2.9% in January, with the weakness driven by the services sector amid blockages and as new Brexit trade arrangements hit exports, the National Statistics Office said on Friday.
Among the actions on the move, the technological weakness is manifested in Europe, with shares of ASML Holding ASML,
ASML,
and STMicroelectronics STM,
STM,
each decreasing by at least 1%.
Burberry BRBY,
shares rose 7% after the luxury goods group forecast fiscal revenues for 2021 and adjusted operating profit to exceed expectations.