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European Markets See Positive Bias Despite US Equity Withdrawal; Chinese Stocks Rise on Speculation, German Bond Yields Surge

(CercleFinance.com) – A positive bias prevails overall on European markets this Tuesday (+0.1% in London, +0.5% in Frankfurt, stability in Paris), despite a withdrawal of American equity indices the evening before (-0.4% on the S&P500).

‘Chinese stocks rose this morning on speculation that the authorities have purchased a notable amount of domestic stocks in recent weeks,’ says Deutsche Bank.

The German bank also highlights the surge in bond yields in the United States, with a two-year rate which ended Monday at 4.72%, its highest level since the Fed meeting last December.

The only data of the morning in Europe, French household confidence deteriorated again in February, given the INSEE synthetic indicator which fell by two points to 89, and thus moved away from its long-term average.

In Paris, operators applaud the annual results of the conglomerate Bouygues (+7%), while they clearly sanction those of the payment solutions company Edenred (-4%) and especially the bio-analysis group Eurofins (-11 %).

Puma gains more than 1% in Frankfurt, the sporting goods supplier having published an operating profit (EBIT) in line with its target range for 2023, and indicated that it anticipates an increase for the financial year which begins.

2024-02-27 10:37:00
#Europe #positive #bias #decline #York

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