Stocks in Europe and Asia kicked off February with gains, as investors decided the outlook for growth and corporate earnings was strong enough to quell concerns about the recent jump up in bond yields. Treasuries resumed a slide and the dollar was steady.
Amid a flurry of company results the Stoxx Europe 600 Index headed for the first advance ni four days, led by finance and technology shares.
Investors are weighing the path of U.S. monetary policy at a time of synchronized global growth and rising corporate profits that’s pushed equity gauges to unprecedented levels and sent benchmark bond yields to the highest in almost four years. The Federal Reserve on Wednesday acknowledged stronger growth, expressed more confidence that inflation will rise to its 2 percent target, and set the stage for a March interest-rate increase.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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