European stocks rise for 4th day in a row as ECB steals focus from U.S. tariffs

European stocks rose for a fourth straight session on Thursday, with traders shrugging off concerns over U.S. tariffs and instead looking ahead to the European Central Bank’s closely watched policy decision later in the day.

No action is expected at the ECB meeting, but all eyes are on the central bank’s statement for any tweaks to its easing bias.

The Stoxx Europe 600 index rose 0.2% to 373.54, building on 0.4% gain from Wednesday.

Germany’s DAX 30 index gained 0.1% to 12,256.15, while France’s CAC 40 index climbed 0.2% to 5,199.31.

The U.K.’s FTSE 100 index was slightly lower at 7,155.41.

The euro fell to $ 1.2401 from $ 1.2411 late Wednesday in New York.

Source: Marketwatch

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Asia Stocks Rebound From Five-Day Decline as Trade Worries Ease

Asian shares bounced back, ending the longest losing streak of the year so far at five days, as concern over U.S. President Donald Trump’s proposed tariff plan was seen easing.

The MSCI Asia Pacific Index rose 1.2 percent to 174.57 as of 10:25 a.m in Hong Kong. The Asian benchmark quickly bounced back to its 100-day moving average after a brief dip below for the second time in less than a month.

The S&P 500 Index gained 1.1 percent Monday as signs mounted that Trump’s tough tariff talk may not translate into the most severe protectionist policies. 

Chinese telecommunications stock rebounded after being hammered yesterday by China lowering mobile Internet service fees. The Hang Seng Composite Telecommunications Index gained after hitting a four-year low Monday.

Source : Bloomberg

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Dow jumps more than 300 points as 10-year yield eases from 4-year high

U.S. stocks traded higher on Thursday, trying to snap a two-day losing streak, as 10-year yield slipped from multiyear highs seen in the previous session.

The Dow Jones industrial average rose 345 points or 1.39 percent to 25,143, with United Technologies as the best-performing stock in the index. The S&P 500 gained 1.04 percent or 28 points to 2,729, with real estate and energy rising more than 1.5 percent. The Nasdaq composite advanced 0.84 percent or 60 points to 7,278.

The major averages gave up sharp gains on Wednesday after a summary from the Federal Reserve’s January meeting sent the benchmark 10-year U.S. note yield to its highest level in four years. The Dow closed 166 points lower, having risen as much as 303 points. On Thursday, the yield traded off their four-year high at 2.913 percent.

Source: CNBC

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