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European shares drop as high yields spark profit taking in tech, resources
Published at 26/02/2021 at 17:24 -
FTSE 100 marks weakest day in four months as bond rout deepens
Published at 26/02/2021 at 17:10 -
FTSE 100 falls as bond rout hits global equities
Published at 26/02/2021 at 08:18 -
European shares drop more than 1% as bond sell-off intensifies
Published at 26/02/2021 at 08:12 -
UK Stocks-Factors to watch on Feb 26
Published at 26/02/2021 at 07:54 -
European stock futures slide over 1% as surging bond yields roil equity markets
Published at 26/02/2021 at 06:13 -
UK Stocks-Factors to watch on Feb. 26
Published at 26/02/2021 at 05:48 -
FTSE 100 reverses course on high bond yields, Stanchart leads losses
Published at 25/02/2021 at 17:15 -
European shares dip as high yields, inflation concerns return to fore
Published at 25/02/2021 at 17:15 -
FTSE 100 climbs as recovery bets boost mining, energy stocks
Published at 25/02/2021 at 08:28
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FOREX-Dollar gains on higher yields, risky currencies weaken
Published at 26/02/2021 at 20:29 -
FOREX-Dollar gains on higher yields, safe haven bid, risky currencies weaken
Published at 26/02/2021 at 15:23 -
FOREX-Bond selloff boosts dollar, risk currencies knocked lower
Published at 26/02/2021 at 12:29 -
FOREX-Dollar strengthens as U.S. yields spike, pound falls to one-week low
Published at 26/02/2021 at 09:52 -
CORRECTED-FOREX-Dollar firms after U.S. yield spike; yen continues march lower
Published at 26/02/2021 at 08:53 -
CORRECTED-FOREX-Dollar firms after U.S. yield spike, hits six-month high versus yen
Published at 26/02/2021 at 08:52 -
FOREX-Dollar firms on sudden spike in U.S. Treasury yields
Published at 25/02/2021 at 21:09 -
FOREX-Dollar firms on sudden spike in U.S. Treasury yields
Published at 25/02/2021 at 19:47 -
FOREX-Dollar dips, Aussie jumps on global growth optimism
Published at 25/02/2021 at 15:31 -
FOREX-Currency markets turn "risk on"; Aussie crosses $0.8 for first time in 3 years
Published at 25/02/2021 at 12:45
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Oil drops on dollar strength and OPEC+ supply expectations
Published at 26/02/2021 at 23:05 -
PRECIOUS-Gold slumps as rising U.S. yields, dollar dull lustre
Published at 26/02/2021 at 18:56 -
PRECIOUS-Gold set for second monthly dip as high U.S. yields erode appeal
Published at 26/02/2021 at 13:41 -
PRECIOUS-Gold hits 8-month trough as U.S. Treasury yields rally
Published at 26/02/2021 at 07:40 -
Oil prices fall on rising U.S. dollar, expectations for supply gains
Published at 26/02/2021 at 02:45 -
PRECIOUS-Gold eyes second straight weekly fall as U.S. yields gain
Published at 26/02/2021 at 01:25 -
Oil mixed, U.S. crude hits highest since 2019 as refineries restart
Published at 25/02/2021 at 20:28 -
PRECIOUS-Gold slides more than 2% as U.S. Treasury yields rise
Published at 25/02/2021 at 18:55 -
PRECIOUS-Gold falls 1% as elevated U.S. yields hit safe haven appeal
Published at 25/02/2021 at 13:18 -
PRECIOUS-Gold slips as higher U.S. Treasury yields dim appeal
Published at 25/02/2021 at 08:12
UPDATE 2-Weak German business morale, vaccine delays push European stocks to 2-week low
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
* Tech sector boosts markets globally
* Banks, oil, travel stocks hit by lockdown fears
* Prosus rallies to an all-time high
(Updates to market close)
By Sruthi Shankar
Jan 25 (Reuters) - European shares closed at two-week lows on Monday as a slump in German business morale underscored the damage from tighter COVID-19 restrictions, while investors feared a slow vaccine rollout could further delay an economic recovery.
The pan-European STOXX 600 index reversed early gains and finished 0.8% lower. The German DAX fell 1.7%, France CAC 40 was down 1.6% and the UK's FTSE 100
declined 0.8%.
The Ifo economic institute's business climate index fell to 90.1 in January from an upwardly revised reading of 92.2 in December, while a Reuters poll had forecast a reading of 91.8.
The German economy, Europe's largest, will likely reach its pre-pandemic levels in mid-2022, according to a draft document prepared by the economy ministry, seen by Reuters.
"German Q1 GDP now looks likely to fall by at least 1% qoq, assuming that the restrictions for retail and services will only be gradually lifted after Feb. 14," Deutsche Bank's chief economist, Stefan Schneider, wrote in a note.
"Hence, our 4-1/2% forecast for the year as a whole looks somewhat ambitious, but given the overall uncertainty we currently see no real need to lower it."
Economy-linked banking , auto , oil & gas
and travel & leisure stocks took the biggest hit, falling between 1.9% and 3%.
Markets took a turn for the worse after U.S. drugmaker Merck
said it would end development of its two COVID-19 vaccines.
Pfizer announcing delays of nearly a month to its COVID-19 vaccine shipments to the European Union earlier this month, while AstraZeneca has announced a large cut in supplies to the bloc.
British Prime Minister Boris Johnson said he was looking at toughening border quarantine rules because of the risk of "vaccine-busting" coronavirus variants.
British Airways-owner IAG , Ryanair , Lufthansa and Air France KLM fell between 3.3% and 7.7%, while retailers fell 1.5%.
Several Spanish regions ramped up anti-coronavirus measures, while France was looking at a third national lockdown.
Technology stocks gave back early gains, but losses were modest as their U.S. peers traded at all-time highs.
Finnish telecom equipment maker Nokia jumped 12.9%, while technology investor Prosus gained 3.6% to hit an all-time high.
Investors sought refuge in defensive sectors such as telecoms and healthcare which gained 0.9% and 0.7%, respectively.
French state-controlled power group EDF slumped 15.6% to the bottom of STOXX 600 after broadcaster BFM Business reported that the European Commission wanted a further six months of talks on a planned restructuring.
A source in the French finance ministry denied the report.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur, Subhranshu Sahu and Nick Macfie)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))