European shares set for fourth week of gains; Ericsson shines
Stock Markets 17 minutes ago (Apr 20, 2018 03:51AM ET)
MILAN (Reuters) – European shares softened at the end of a strong week as a rally in commodity prices fizzled out, sparking profit-taking among mining stocks, although strong earning updates boosted shares in Ericsson (ST:ERICb) and Telia (ST:TELIA).
The 10-year Treasury could test the stock market’s comeback
- Interest rates are on the rise and once more have caught the attention of stock traders.
- Traders are watching to see if the 10-year Treasury note regains the high yield of this year, just several basis points away.
- Markets will be watching several Fed speakers Friday, after a number of hawkish sounding Fed officials helped drive yields higher this week.
Patti Domm | @pattidomm
Published 6 Hours Ago
Europe Stocks Follow Asia Lower; Treasuries Steady: Markets Wrap
April 20, 2018, 12:52 AM GMT+3 Updated on April 20, 2018, 11:11 AM GMT+3
- Pound weakens on Carney, Brexit; dollar extends advance
- Oil slips, most metals retreat after week’s stellar gains
- The Stoxx Europe 600 gauge dropped as several companies including Sampo Oyj-A and Vivendi SA started trading without the right to the latest dividend. U.K. shares bucked the trend as the pound weakened after Bank of England Governor Mark Carney dampened expectations for a rate hike next month, and there were also reports of disagreements in Brexit talks on the Irish border.
For Key Events this week, please refer to our economic calendar. Remember, we are in a time where Technical Data alone will not be good enough. Remember to factor in the Fundamentals!