European stock futures edge higher; sentiment boosted by falling U.S. yields
Investing.com - European stock markets are expected to edge higher at the open Thursday, benefiting from the strong close on Wall Street overnight as bond yields retreated from recent highs following weaker than expected jobs data.
This resulted in U.S. Treasury yields easing back from 16-year highs, amid lessening concerns over rising interest rates and the likelihood that the Federal Reserve may need to keep rates higher for longer, helping Asian markets post gains, a positive tone that is likely to continue in Europe.fell 1.2% in August, data showed Wednesday, much more than expected, pointing to weaker consumer demand as inflation remains high.
Crude settled more than $5 a barrel lower on Wednesday, the sharpest one-day loss in more than a year, following the release of data showing the largest weekly build in almost two years for stockpiles of U.S. gasoline, suggesting a significant dropoff in demand as the summer driving season ends. The Organization of Petroleum Exporting Countries and allies, known as OPEC+, had reaffirmed on Wednesday that Saudi Arabia and Russia would continue to cut output by at least 1.3 million barrels a day until the end of the year.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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