European markets higher; Japan and Shanghai markets end flat

U.S. Treasury yields rose on Thursday. The yield on the benchmark 10-year Treasury note rose less than a basis point to 1.502%.

Jun 24, 2021 02:06 IST India Infoline News Service

European stocks higher on Thursday as bond yields recovered. The Stoxx Europe 600 jumped 0.60% with gains for lenders including KBC Group KBC, 1.51% and the Bank of Ireland as the yield on the 10-year U.S. Treasury rose to 1.50%.

Asian markets ended on a flat note with the Shanghai Composite finished the trading day largely flat at around 3,566.29. The Hang Seng index advanced about 0.2%, the Nikkei 225 ended the trading day flat at 28,875.23 while the Topix index slipped 0.1% to close at 1,947.10.

On the economic front, the Bank of England will announce its latest monetary policy decision.

U.S. Treasury yields rose on Thursday. The yield on the benchmark 10-year Treasury note rose less than a basis point to 1.502%. The yield on the 30-year Treasury bond climbed to 2.129%.

Further, U.S. stock futures advanced, after a slight 0.1% decline for the S&P 500 on Wednesday.

Meanwhile, US equities traded sideways and ended mixed yesterday after two days of back-to-back gains. However, continued traction in growth and technology stocks supported Nasdaq to extend gain. Notably, dovish comments from Powell in his testimony on Tuesday were also echoed by most of Federal Reserve’s officials.

The S&P 500 slipped 0.11% to 4,241.84, ending a two-day winning streak. Still, the index sits 0.4% from an all-time high. The Dow Jones Industrial Average shed 71.34 points to 33,945.59 while the Nasdaq Composite rose 0.13% to 14,271.73.

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