Home Stock European stocks hit a new record with controlled bond yields

European stocks hit a new record with controlled bond yields


European stocks rallied higher early Thursday, with equities continuing their gains with controlled bond yields.

8 of the last 11 days, Stoxx Europe 600
SXXP,
+ 0.38%

increased by 0.3% to 437.84. That puts the index in the right direction to end at a close at 437.23 just last week.

US stock futures
ES00,
+ 0.48%

also higher.

In the latest survey of global fund managers from Bank of America, investors said a 10-year yield of 2.1% would cause stocks to drop 10%. 10-year Treasury yield
BX: TMUBMUSD10Y

was 1.62% on Thursday, before the release of data for US retail sales that are expected to skyrocket after a $ 1,400 stimulus check has been distributed.

Earnings season is ongoing and although no official results are expected in Europe until next week, some companies are coming up with preliminary numbers.

figs
ABB,
+ 3.50%
,
Engineering, up 3% after saying they had a better-than-expected first quarter, “especially in the final weeks of March and mostly related to short-term cyclical operations. Quarterly demand may have been supported by customer inventory construction activities related to both component availability constraints and rising commodity prices in the industry. “

Publicis Group
PUB,
+ 3.65%

3% increase, when the advertising group said its organic revenue was up 2.8% in the first quarter and will increase 10% in the second quarter.

Live in Germany
DWNI,
+ 3.56%
,
a real estate company, which jumped 6% after the German constitutional court ruled a freezing of rent in Berlin was unconstitutional. Real Estate Adler
ADL,
-0.64%

and Vonovia
VNA;
+ 0.69%

each add 2%.

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