Government bond yields were inching higher
European stocks advanced Friday for a three-session run of gains. The Stoxx Europe 600 climbed 0.6% in morning trade. Financials and healthcare sectors led gains while the communication services sector lost ground.
HSBC Holdings jumped 2.6% for a three-day winning streak and Prudential added 2.7%.
The UK’s FTSE 100, which is dominated by large international businesses, rose 0.8%. Other stock indexes in Europe also mostly climbed as France’s CAC 40 added 0.7%, the UK’s FTSE 250 gained 0.9% and Germany’s DAX climbed 0.6%.
The Swiss franc, the euro and the British pound strengthened 0.2%, 0.2% and 0.1% respectively against the dollar.
In commodities, Brent crude rose 1% to $108.49 a barrel. Gold slipped 0.1% to $1,823.10 a troy ounce.
The German 10-year bund yield was up to 0.897% and 10-year UK government debt known as gilts yields rose to 1.718%. 10-year US Treasury yields were up to 2.889% from 2.815%. Yields move in the opposite direction from prices.
Stocks in Asia mostly climbed as Hong Kong’s Hang Seng gained 2.2%, Japan’s Nikkei 225 index climbed 2.6% and China’s benchmark Shanghai Composite rose 1%.
—An artificial-intelligence tool was used in creating this article.
Credit: www.Businesshala.com /