Europe Markets: European stocks hit 10-week high as rising bond yields lift financial shares [MarketWatch]
IHS Markit Ltd. Common Shares (INFO)
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Source: MarketWatch
European stocks hit 10-week high as rising bond yields lift financial shares European stocks finished at their highest in more than 10 weeks Monday, with a turnaround in the market aided by gains for financial stocks as bond yields rose, moves that came ahead of this week’s European Central Bank meeting. The Stoxx Europe 600 index SXXP, +0.35% closed up 0.4% to 383.18, the best close since Feb. 2, according to FactSet data. Telecom, oil and gas and financial stocks led sector gainers, while utility, consumer goods and basic materials shares fell. The index on Friday ended fractionally lower , but ended last week up by 0.7%, a fourth consecutive weekly advance. In Frankfurt, the DAX 30 index DAX, +0.25% ended up by 0.3% at 12,572.39, and in Paris, the CAC 40 index PX1, +0.48% picked up 0.5% to finish at 5,438.75. Spain’s IBEX 35 IBEX, +0.38% tacked on 0.4% to 9,922.00, and the U.K.’s FTSE 100 index UKX, +0.42% closed up 0.4% to 7,398.87. The euro EURUSD, -0.6429% bought
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