European stock futures mixed as major economies post upbeat figures

08.03.2021 - Korneychuk Evgeniya
European stock futures mixed as major economies post upbeat figures

European stock markets were mixed starting the trading week as rising U.S. Treasury yields scare investors despite growing hopes for a global economic recovery. China also posted encouraging export figures for the first two months of 2021.

CAC 40 futures in France improved 0.8% while Germany’s DAX futures contract dropped 0.3% and UK’s FTSE 100 futures contract decline 0.2%.

China leads the path to global economic recovery as it posted more than 60% in dollar terms of its exports for January and February.

Furthermore, Joe Biden’s proposed $1.9 trillion stimulus package was approved by the Senate over the weekend, boosting market sentiment while equity markets have been boosted consistently by hopes of loose fiscal and monetary policy leading to faster economic recovery.

U.S. 10-year Treasury yields have sharply increased in recent weeks, jumping as high as 1.62% on Friday. Its current level is at 1.59%.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?