{"id":7663,"date":"2021-02-26T05:30:28","date_gmt":"2021-02-26T05:30:28","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/02\/26\/european-shares-seen-lower-after-us-yield-spike\/"},"modified":"2021-02-26T05:30:28","modified_gmt":"2021-02-26T05:30:28","slug":"european-shares-seen-lower-after-us-yield-spike","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/02\/26\/european-shares-seen-lower-after-us-yield-spike\/","title":{"rendered":"European Shares Seen Lower After US Yield Spike"},"content":{"rendered":"
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European stocks are seen drifting lower at open on Friday as bond yields continue to rise, hurting riskier assets. <\/p>\n

Emerging-market currencies such as the South African rand and Mexican peso sold off and the dollar gained ground on risk-off sentiment after U.S. treasury yields vaulted to their highest since the pandemic began overnight.<\/p>\n

Asian markets<\/span> slumped amid worries that accelerating inflation could trigger a pullback in monetary policy support.<\/p>\n

Gold headed for a second straight weekly and monthly decline while oil is heading for a fourth monthly gain ahead of the OPEC+ meeting next week, with traders watching for any changes to production strategy. Bitcoin remains on track for the worst weekly slide in almost a year.<\/p>\n

G20 finance ministers and central bankers will gather for a video conference led by Italy later today and the global response to the unprecedented havoc wreaked by the coronavirus<\/span> on the economy<\/span> will top the agenda.<\/p>\n

Another batch of U.S. economic data on personal income and spending, consumer sentiment, and Chicago-area business<\/span> activity may impact trading later in the session. <\/p>\n

U.S. stocks tumbled overnight as U.S. Treasury yields hit a new 52-week high after the release of a batch of largely upbeat data on GDP, jobless claims and new orders for manufactured durable goods.<\/p>\n

The tech-heavy Nasdaq Composite slumped as much as 3.5 percent to reach its lowest closing level in nearly a month, while the Dow Jones Industrial Average lost 1.8 percent and the S&P 500 shed 2.5 percent.<\/p>\n

European stocks ended on a subdued note Thursday as rising bond yields outweighed positive news on the vaccine front and dovish signals from the Federal Reserve. <\/p>\n

The pan European Stoxx 600 gave up 0.4 percent. The German DAX shed 0.7 percent, France’s CAC 40 index eased 0.2 percent and the U.K.’s FTSE 100 slipped 0.1 percent. <\/p>\n<\/p>\n<\/div><\/div>\n