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Weaker pound, retail stocks boosts FTSE 100; Mid-caps end best day in two-weeks;
Published at 22/04/2021 at 17:35 -
Solid earnings boost European stocks as ECB stands pat
Published at 22/04/2021 at 17:22 -
FTSE 100 rises on miners, industrials boost; Rentokil Initial slumps
Published at 22/04/2021 at 08:22 -
European shares extend gains on upbeat Nestle, Volvo earnings
Published at 22/04/2021 at 08:17 -
UK Stocks-Factors to watch on April 22
Published at 22/04/2021 at 07:52 -
UK Stocks-Factors to watch on April 22
Published at 22/04/2021 at 06:17 -
FTSE 100 ends higher on AstraZeneca, oil stock boost; Just Eat Takeaway slumps
Published at 21/04/2021 at 17:29 -
European shares rebound on strong earnings, M&A speculation boosts Hugo Boss
Published at 21/04/2021 at 17:17 -
FTSE 100 rises on boost from BP, Shell; Just Eat Takeaway slumps
Published at 21/04/2021 at 08:23 -
European stocks bounce back as ASML outlook lifts tech sector
Published at 21/04/2021 at 08:20
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FOREX-Euro and U.S. dollar waffle as markets weigh ECB policy talk
Published at 22/04/2021 at 15:52 -
FOREX-Euro inches higher ahead of ECB meeting, dollar languishes
Published at 22/04/2021 at 12:09 -
FOREX-Euro tiptoes higher ahead of ECB meeting
Published at 22/04/2021 at 09:12 -
FOREX-Dollar near multi-week lows as yield support fades, euro eyes ECB
Published at 22/04/2021 at 06:17 -
FOREX-Dollar loses bond yield support, euro looks to ECB for inspiration
Published at 22/04/2021 at 03:24 -
FOREX-Dollar stalls as yield gains slow, focus shifts to ECB
Published at 22/04/2021 at 02:03 -
FOREX-U.S. dollar losses bounce after Canada tips toward higher rates
Published at 21/04/2021 at 21:00 -
FOREX-U.S. dollar losses bounce after Canada tips toward higher rates
Published at 21/04/2021 at 17:51 -
FOREX-Dollar firm as COVID-19 resurgence dampens risk appetite
Published at 21/04/2021 at 15:25 -
FOREX-Dollar firm as COVID-19 resurgence hits reflation trades
Published at 21/04/2021 at 12:33
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PRECIOUS-Gold slips 1% as stronger U.S. dollar weighs
Published at 22/04/2021 at 19:15 -
Oil eases as Libya output decline offsets risks to Asian demand
Published at 22/04/2021 at 19:09 -
PRECIOUS-Gold slips from 2-month peak, palladium holds near record high
Published at 22/04/2021 at 13:20 -
PRECIOUS-Gold nears $1,800 level as U.S. dollar, yields lose ground
Published at 22/04/2021 at 08:25 -
Oil falls 3rd day on U.S. stock build, surging COVID-19 cases
Published at 22/04/2021 at 03:04 -
PRECIOUS-Gold hovers near eight-week high on easing U.S. dollar, yields
Published at 22/04/2021 at 02:37 -
Oil prices drop 2% on U.S. crude build, COVID-19 surge in India
Published at 21/04/2021 at 22:33 -
PRECIOUS-Supply woes push palladium to record high, gold up more than 1%
Published at 21/04/2021 at 18:54 -
PRECIOUS-Gold gains as easing U.S. Treasury yields boost appeal
Published at 21/04/2021 at 14:04 -
PRECIOUS-Gold gains as softer U.S. dollar, yields lift appeal
Published at 21/04/2021 at 08:11
UPDATE 2-European shares dip as high yields, inflation concerns return to fore
* Commodity-linked sectors rally
* Bond proxies such as utilities, healthcare drop
* European stocks set for record highs in 2021 - poll
* AB InBev, Bayer slide as earnings disappoint
(Updates to market close)
By Sagarika Jaisinghani and Ambar Warrick
Feb 25 (Reuters) - European shares ended lower on Thursday, as higher bond yields and volatility in U.S. markets offset optimism about a euro zone economic recovery, while weak earnings from Standard Chartered and Anheuser-Busch also weighed.
The pan-European STOXX 600 index settled 0.4% lower after rising as much as 0.5%, with a jump in euro zone and U.S. bond yields -- on expectations of increased inflation -- weighing on major stock sectors.
Euro zone economic sentiment rose more than expected in February, buoyed by more optimism in industry, services and among consumers, boosting inflation expectations which have fed into higher bond yields in recent weeks.
"Concerns about a resurgence of inflation only seem to have strengthened, judging by the relentless bear steepening of the U.S. Treasury curve and the newfound popularity of traditional inflation hedges such as commodities," analysts at Rabobank said.
"At this juncture, the pro-reflation arguments -- and particularly the fear of inflation induced by ultra-loose monetary and fiscal policies -- are clearly resonating with markets."
Sectors such as healthcare , utilities and other staples, which are considered bond proxies, fell on the day amid continued pressure from higher yields.
But commodity-linked sectors were among the best performers, boosted by multi-year highs in crude oil and base metal prices.
Weakness in U.S. markets due to profit taking in technology stocks also spilled over into Europe late in the session.
Easy money stimulus from major central banks last year has helped the benchmark STOXX 600 surge more than 50% since a coronavirus-driven crash in March 2020.
Although the European index has so far underperformed the U.S. S&P 500 , which is scaling record highs, fund managers expect a rebound in corporate profits to send European stocks to all-time peaks by the end of 2021, according to a recent Reuters poll.
In company news, Standard Chartered slipped 6.2% after posting a drop in its annual profit.
Anheuser-Busch InBev , the world's largest brewer, tumbled 6.2% even as it reported a higher-than-expected core quarterly profit, while Bayer dropped 6.4% after posting a drop in fourth-quarter core earnings due to competition in the North American agriculture market.
In a bright spot, steel pipe maker Tenaris jumped 13.7% to the top of the STOXX 600 as quarterly sales rose from the previous quarter due to a pick up in drilling activity.
Shares of heavily-shorted airline Air France KLM rose nearly 2%, with traders saying a short squeeze was driving gains.
(Reporting by Sagarika Jaisinghani in Bengaluru; editing by Uttaresh.V and Catherine Evans)
((Sagarika.Jaisinghani@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 6182 2256;))