European shares reach new record high, bond yields drop as inflation fears ease

11.06.2021 - Evdokimov Roman
European shares reach new record high, bond yields drop as inflation fears ease

U.S. and European shares advanced and bond yields dropped on Friday as investors were not bothered by rising U.S. consumer prices and even concerns of long-term inflation pressed on.

The Euro STOXX 600 gained 0.3%, hitting a record high and was on course for a sixth straight day of gains. London shares advanced 0.6%, aided by a 1% gain for the mining sector, while Paris added 0.4%.

The European Central Bank on Thursday raised its growth and inflation projections while pledging a steady flow of stimulus for now. The ECB’s stance lifted investor sentiment.

Meanwhile, the ECB’s dovish commitment to retain its elevated tempo of bond buying held the euro in check at $1.2185.

The MSCI world equity index, added 0.1% while Wall Street futures were flat.

The U.S. consumer price index posted on Thursday its biggest year-on-year gain since August 2008 of 5%, following a 4.2% increase in April.

U.S. stocks reached new record highs, with 10-year U.S. Treasury yields also dipping to a three-month low.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?