LONDON – European markets withdrew on Friday after rising bond yields revived concerns over stock valuations, while the US Federal Reserve’s decision not to extend a pandemic-era rule that had allowed banks to relax capital levels further affected risk assets.
The pan-European Stoxx 600 fell 1.1% during afternoon trading, and banks fell 2.7% to cause losses, as all sectors except utilities fell to the black.
U.S. stocks plummeted to open on Friday after the Fed refused to extend a rule that would expire at the end of the month that would relax banks’ additional leverage ratio during the pandemic.
European stocks began the day with a weak Asia-Pacific transfer, where stocks declined mostly during Friday trading after Thursday’s state sell-off. Following its last monetary policy meeting, the Bank of Japan announced a series of measures that included expanding the range in which the yield on ten-year Japanese government bonds is allowed to fluctuate from the target level to 0.25%. more and less.
Oil prices are also concentrated after falling on Friday, as reports of new waves of coronavirus infections and new blockade measures in Europe dampened the prospects for crude oil demand.
Germany and France are among the countries resuming the launch of the Covra-19 AstraZeneca / Oxford University vaccine on Friday, after British and European drug regulators recommended that it continue to be used after concerns over a small number of recipients which develop blood clots.
As for the data, British consumer sentiment rose to a one-year high in March, according to a GfK poll, in hopes of an imminent growing economic recovery as the country tries to get out of measures. closing costs in the coming months.
As for the individual stock price movement, TeamViewer fell 12% during the afternoon bids after the German remote work software company cut its guidelines for 2021.
Danish computer consultancy Netcompany rose 3% after securing a contract to develop Denmark’s coronavirus passport for use from May, Danish media reported.
– CNBC’s Yun Li and Jesse Pound contributed to this report.
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