European shares traded on Thursday ahead of a European Central Bank meeting, while investors celebrated a fall in bond yields.
Over six of the last eight sessions, Stoxx Europe 600 SXXP,
increased by 0.3%.
The bonds produce TMUBMUSD10Y,
global prices fell after US consumer base prices saw a slight rise in February, removing air from inflation fears that had recently worried traders. ECB President Christine Lagarde will go on to explain the central bank’s concern about rising bond yields that could interfere with monetary policy at a news conference following the policy decision.
“While we do not expect the central bank to announce new measures, ECB President Christine Lagarde will set the tone, emphasizing the flexibility built into its QE pandemic program to advance asset purchases as needed,” they said. said economists at the research service TS Lombard.
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US ES00 futures,
were stronger, especially the Nasdaq 100 NQ00
which closed below on Wednesday.
In Europe, technology stocks, including ASML microchip equipment manufacturer ASML,
Prosus PRX technology investor,
and microchip manufacturer Infineon Technologies IFX,
advanced.
Rolls-Royce RR Engine Manufacturer,
increased by 3%. The troubled company, which reported an underlying loss of £ 4 billion in 2020, says it expects a positive free cash flow in the second half of the year.