Market Headlines – 27/2/2018

US

• US. stocks rose to a nearly four-week high as continuing gains in Treasuries pushed yields further below 2.9%, alleviating investor angst that higher rates will accelerate fiscal tightening.
• The 10-year yield fell for a third straight day, reaching a two-week low.
• In policy news, Fed Chair Jerome Powell will appear before the House Financial Services Committee Tuesday to discuss the Fed’s Semi-Annual Monetary Policy Report and the state of the economy; investors will look for clues on how quickly the Fed will continue to raise interest rates

Europe

• European stocks continued their rebound from this month’s slump as concerns about rising U.S. yields eased.
• The Euro Stoxx 50 gained 0.8%, as 17 industry groups out of 19 advanced. Commodity stocks followed gains in oil and metal prices.

Asia

• In Asia overnight, Japanese stocks rose for a third day, gaining 1.1%, following a rally in U.S. equities amid receding concern that the Federal Reserve will rush to raise interest rates under new Chairman Jerome Powell. Chinese equities lost 1.1%.