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LONDON MARKET CLOSE: Stocks Routed As Inflation Fears Lift Bond Yields


LONDON MARKET CLOSE: Stocks Routed As Inflation Fears Lift Bond Yields
Fri, 26th Feb 2021 17:06
(Alliance News) - Stocks in London ended sharply lower on Friday as fears over a potential rise in inflation kept US bond yields elevated.
In bond markets, the yield on the 10-year US Treasury edged up to 1.51%, from 1.48% at the same time Thursday. It briefly moved past 1.6% on Thursday - its highest level in over a year amid expectations for higher economic growth and inflation on the back of Covid-19 vaccine rollouts.
There is a worry that surging inflation could threaten the rally in world markets, despite reassurances from Federal Reserve Chair Jerome Powell that US interest rates will not rise for the foreseeable future. ....

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Europe Deals Overtake 2019 as Astra Adds to Blockbuster Quarter


Europe Deals Overtake 2019 as Astra Adds to Blockbuster Quarter
Fareed Sahloul, Bloomberg News
(Bloomberg) For Europe’s dealmakers, the comeback is all but complete.
Companies in the region have now announced $1.2 trillion of deals this year, according to data compiled by Bloomberg. That’s up 6% from the same period in 2019, as the rush of mergers and acquisitions over the past few weeks helps bankers put the pandemic-ravaged first half firmly behind them.
With just one full business week of the year to go, the chances of it finishing ahead of 2019 were boosted over the weekend by the announcement of U.K.-based AstraZeneca Plc’s $39 billion cash-and-stock takeover of Alexion Pharmaceuticals Inc. The deal means it’s already the strongest fourth quarter for European transaction volumes since 2006, the data show. ....

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