Euro Area and Asian Stocks Rise as Dollar Rebounds Against Yen
Updated
Updated · CaixaBank Research · Jul 6
Euro Area and Asian Stocks Rise as Dollar Rebounds Against Yen
2 articles · Updated · CaixaBank Research · Jul 6
Summary
Euro area and Asian equities advanced firmly on Friday as investors rotated out of fixed income and back into risk assets.
Rising risk appetite came with lower volatility and higher euro-area government bond yields, while peripheral spreads narrowed slightly and yield curves flattened modestly.
Currency trading stayed subdued overall, with the euro ending flat against major peers and the dollar recovering against the yen after Thursday’s sharp drop.
U.S. markets were shut for a bank holiday, leaving investors to look next to U.S. ISM data and June meeting minutes from the Fed and Bank of England for rate clues.