Market Headlines – 13/2/2018

US

  • US. stocks gained, rising 1.4%, with financial markets showing signs of recovery after the worst week in two years for American equities. The 10-year bond yield fell back from the four-year high hit early in the trading session as the dollar slipped.
  • Stocks and bonds have been in a tug-of-war since a blowout jobs report early this month sent Treasury yields spiking, sparking speculation of higher interest rates to come.
  • The CBOE Volatility Index (VIX) fell as the S&P posted its biggest two-day advance in 18 months, but traders were still on edge following the tumultuous move in equities last week that wiped $2 trillion from U.S. stocks.

 

Europe

  • European equities gained after a two-week selloff that reversed annual gains and sent Germany’s benchmark into a correction.
  • The Stoxx Europe 600 Index rose 1.3%, with all industry groups up. Banks and healthcare shares contributed the most to the advance, while miners tracking metal prices higher.

 

Asia

  • In Asia overnight, Chinese stocks continued to recover gaining 1% while Japanese stocks remained weak after reopening following a holiday on Monday.

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