Equity Markets: European Markets Move Higher
As of near 7am ET, European stock markets had managed to move higher after an unexpected uptick in German jobless numbers and a dip in Eurozone HICP helped to put a lid on tapering concerns, leading to bond yields coming down and stock markets moving higher. After yesterday's sharp correction, the DAX remained clearly below 12500 and far down from recent record highs as markets come to terms with the prospect that global Central Bank stimulus has peaked. The DAX was still heading for a quarterly gain, while the FTSE 100 had wiped out advances and was heading for a weaker quarter end. U.S. stock futures were also higher and oil prices climbed further above US$45 per barrel, suggesting some stabilisation in sentiment after stock markets headed south in Asia overnight. The Nikkei closed with a -0.92% loss, but it was the ASX 200 that led the way down with a 1.66% dip, wiping out the gains of the previous days and losses across all sectors.
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