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LONDON Euro zone government bond yields were steady on Friday, stabilizing after the benchmark German Bund yield hit a two-year high on Thursday, but still on track for a weekly rise.
U.S. and euro zone yields rose on Wednesday after higher-than-expected U.S. consumer price data stoked concerns about sustained inflation and a possible tightening of monetary policy, although reassuring comments from the U.S. Federal Reserve saw Treasury yields edge back on Thursday.
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The wobbles facing stock markets earlier in the week looked firmly in the past on Friday as hopes of economic recovery buoyed stocks.
Dublin
Euronext Dublin finished the day up 1.3 per cent on Friday, driven mainly by Ryanair and the banks.
âIt was a very strong day again after yesterdayâs sell-off,â noted a trader. âThe market is very resilient at the moment.â
Among the main movers was
Ryanair, which was up 2.5 per cent ahead of full-year results on Monday. âStock traded high in anticipation of those,â said a trader.
Pharma and medtech group
Uniphar also enjoyed a strong performance, ending the day up 3.8 per cent. âThere is very strong momentum behind that stock at the moment and itâs making all-time highs,â according to a trader.
By Reuters Staff
1 Min Read
FILE PHOTO: Bank of Greece Governor Yannis Stournaras attends the annual meeting of the bank s shareholders in Athens, Greece April 1, 2019. REUTERS/Costas Baltas/File Photo
ATHENS (Reuters) - Europe is not facing the kind of inflation concerns seen in the United States and the current mix of monetary and fiscal policy is appropriate, European Central Bank Governing Council member Yannis Stournaras said on Thursday.
“I think both fiscal and monetary policy are the right mix,” Stournaras told the Delphi Economic Forum in Athens.
He said that despite signs that financial markets were predicting inflation, in Europe models showed that “we have not yet to worry about inflation or not to worry as perhaps in the United States.”
Monex Europe : Inflation is on everyone s lips ahead of US CPI data from April
05/12/2021 | 04:36am EDT
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Message : GBP Sterling is one of the better performing G10 currencies this morning as much of the board sits in the red with the greenback fighting back. GBPUSD is also sustaining losses at the margin, but thus far the losses have been contained at just -0.07%. This morning s GDP data provided a ray of light for the pound as the preliminary Q1 reading saw the economy perform better than expectations with a reading of -1.5% QoQ. The economy was always expected to contract in Q1 due to the national lockdown measures imposed, however, within the overall print more optimistic details can be found. The main area of optimism is the 2.1% MoM rise in GDP in March, which printed 0.6 percentage points higher than expectations. This highlights the economy was gaining traction as it headed out of national lockdown measures, which bodes well for GDP releases