Bond yields, oil prices, vaccines in focus

LONDON – European markets retreated on Friday after a rise in bond yields rekindled concerns about stock appreciation, while the U.S. Federal Reserve’s decision not to extend a pandemic-era rule that allowed banks to relax levels capital reached even more risky assets.

The pan-European Stoxx 600 fell 1.1% during the afternoon’s trading, with banks falling 2.7% to lead the losses, as all sectors except utilities fell to the red.

US stocks plunged at the opening on Friday after the Fed refused to extend a rule that expired at the end of the month, which relaxed the supplemental leverage ratio for banks during the pandemic.

European stocks started the day with a weak transfer from Asia-Pacific, where stocks fell mainly during Friday’s trading after Thursday’s liquidation in the United States. After its last monetary policy meeting, the Bank of Japan announced a series of measures that included extending the range in which the yield on 10-year Japanese government bonds can fluctuate from the target level to between plus and minus 0.25% .

Oil prices are also in focus after a fall on Friday, as reports of new waves of coronavirus infections and other blocking measures in Europe have dampened prospects for oil demand.

Germany and France are among the countries that resumed the launch of the AstraZeneca / Oxford University Covid-19 vaccine on Friday, after British and European drug regulators recommended that it continue to be used due to concerns about a small number of receptors that have developed blood clots.

With regard to the data, British consumer sentiment reached its highest one-year high in March, according to a survey by GfK, with hopes of an impending growing economic recovery as the country seeks to emerge from blocking measures across the country. the country in the coming months.

In terms of individual share price movement, TeamViewer fell 12% during the afternoon’s trading after the German remote working software company cut its orientation to 2021.

Danish IT consultancy Netcompany rose 3% after securing a contract to develop Denmark’s coronavirus passport for use as of May, according to Danish media reports.

– CNBC’s Yun Li and Jesse Pound contributed to this report.

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