Asian markets rebound on bargain-hunting, shrug off trade war threats

Stocks in Asia rebounded from recent losses on Wednesday as investors sought bargains, a day after the specter of a U.S.-China trade war drove down bond yields, and share and commodity prices.

The improved risk appetite pushed the yield on benchmark 10-year Treasury notes higher to 2.9004 percent compared with its U.S. close of 2.893 percent on Tuesday.

The two-year yield, which rises with traders’ expectations of higher Fed fund rates, touched 2.5535 percent compared with a U.S. close of 2.545 percent.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 percent.

Source : Reuters

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Europe Markets Close 1.4% Higher as ECB Plans ‘Dovish’ End to QE

European stocks rallied to close higher Thursday afternoon after the European Central Bank (ECB) provided the market with clues on the end of its massive bond-buying program.

The pan-European Stoxx 600 pushed higher during afternoon deals to close 1.4 percent at 393.04 in the green, despite negative trade in the morning. All major bourses and business sectors were positive.

Source : CNBC

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European markets open lower ahead of ECB meeting

European stocks open lower Thursday morning as traders watch developments from central banks across the world.

The pan-European Stoxx 600 opened 0.5% lower at 386.46 with every sector in the red.

Italy’s FTSE MIB and France’s CAC 40 started the day 0.5% lower at 22,097.81 and 5,423.21 respectively.

U.K.’s FTSE 100 and Germany’s DAX traded 0.6% lower at 7,657.35 and 12,810.06 while Spain’s IBEX 35 fell 0.4% to 9,864.70 at the open.

Stocks markets have fallen in the wake of the latest decision from the Federal Reserve to hike rates by 25 points. The central bank also indicated that two more increases could still take place this year, which led the Dow to close down by 119.53 points.

In the meantime, traders will be looking at a European Central Bank (ECB) meeting in Riga, Latvia on Thursday, where policymakers are set to start discussing how to put an end to its massive bond-buying program.

Source: CNBC

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