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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-Earnings lifts European shares, German DAX outperforms
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
* UBS gains after profit surge
* IMF lifts global growth forecast for 2021
* Unicredit up on talks of CEO change
(Updates to market close)
By Sruthi Shankar
Jan 26 (Reuters) - European stocks rose on Tuesday as strong earnings from wealth manager UBS and auto parts maker Autoliv added to a string of upbeat corporate updates, while the International Monetary Fund raised its forecast for global growth in 2021.
The pan-European STOXX 600 index closed up 0.6%, with a rally in automakers, industrial companies and SAP
and helping the German DAX outperform.
UBS rose 2.4% as high levels of client activity helped the world's largest wealth manager record a 137% rise in net profit.
The broader financial services index gained 1.8%, with Swedish buyout group EQT jumping 14.6% after it signed a deal to buy global real estate investment manager Exeter Property Group for $1.87 billion.
The STOXX 600 tumbled to a two-week low on Monday after data painted a gloomy picture of Europe's economy in January as many countries tighten curbs to combat new variants of the coronavirus.
"The numbers that are coming out show economic activity in Europe is falling back and underperforming other parts of the world," said David Miller, investment director at Quilter Cheviot.
"So far, investors are prepared to look through the current difficulties on the basis that second half will be better."
Supporting the sentiment, the International Monetary Fund raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn in 2020 would be nearly a full percentage point less severe than expected.
Italy's FTSE MIB rose 1.2% after Prime Minister Giuseppe Conte handed in his resignation to the head of state, hoping he would be given an opportunity to put together a new coalition and rebuild his parliamentary majority.
Conte lost his absolute majority in the upper house Senate last week when a junior partner, the Italia Viva party quit in a row over the various issues.
Boosting Milan's bourse, UniCredit jumped 4.5% after reports it set to appoint Andrea Orcel, one of Europe's best known investment bankers, as its new chief executive.
Sweden's Autoliv gained 5.3% after it reported higher than expected quarterly earnings, boosted by a recovery in car production.
Industrial gas producer Linde rose 3.5% after announcing an increase to its quarterly dividend and a $5-billion share buyback programme.
Spanish pharmaceutical company PharmaMar surged 21.1% after peer review journal Science published a paper that confirmed its drug plitidepsin has a "potent preclinical efficacy" against the COVID-19.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Arun Koyyur and Lisa Shumaker)
((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2787;))