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The prices of German, French and Italian bonds have all decreased, with bundle yields at 10 years – the reference loan rate for the euro zone – reaching the highest in more than two weeks. While the withdrawal of the link has slowed down, the European Stoxx 600 index has extended the gains to increase by 0.5%, and a Goldman Sachs Group Inc. index of European defense actions exceeded a record.
The German defense company Rheinmetall AG jumped 14%, helping to raise the Frankfurt Stock Exchange to a new record – the 17th of the year. The American markets are closed for a vacation, but the term contracts on American actions have climbed. Bitcoin dropped up to 2%.
The movements have occurred while the United States has asked European nations to specify guarantees and security equipment, they can offer Ukraine to ensure lasting peace regulations. European officials say they are working on a major package to increase defense spending and that some EU leaders meet in Paris to write their response.
“The goal posts change and the EU realizes that they can count less and less on the United States to protect its borders. In Lockstep, we will have to see European countries spend more on defense, “said Aneeka Gupta, macro-research manager at Wisdomtree UK Ltd.” This justifies a little more caution on obligations. “”
Developments have cemented the opinion that debt sales will have to increase as European nations support the cost of a lasting peace agreement between Ukraine and Russia. The upgrading of defense and the protection of Ukraine can cost the main powers of Europe 3.1 billions of additional dollars over 10 years, according to Bloomberg Economics Estimates.
French Minister of European Affairs, Benjamin Haddad, told Bloomberg TV before the Paris meeting that EU joint obligations could be issued to finance the defense, an option that has so far divided the block.
Meanwhile, European actions also get a boost from China, a key export market. A meeting between President Xi Jinping and turnover, including the co-founder of Alibaba Group Holding Ltd., Jack Ma raised hopes that a repression of several years against the private sector ends.
In the currency markets, the Japanese yen has strengthened against all its peers in group of 10 after the economy increased faster than expected, strengthening the expectations of the interest rate of the Bank of Japan.
The Bloomberg dollar index stabilized after two days of losses, while gold prices increased, adding to a series of seven -week gains.
Some of the key events of this week:
Presidents’ vacation in the United States; The bond and stock markets are closed on Monday
Decision of the Australia rate on Tuesday
Unemployment claims in the United Kingdom, unemployment, Tuesday
The governor of the Bank of England Andrew Bailey speaks on Tuesday
Canada CPI, Tuesday
Decision of New Zealand rates on Wednesday
Decision of the Indonesia rate on Wednesday
British cpi, Wednesday
South Africa CPI, retail sales on Wednesday
US FOMC minutes, HOUSING starts, Wednesday
Australian unemployment, Thursday
Loan bonus in China, Thursday
Consumer confidence in the euro zone on Thursday
G -20 foreign ministers meet in South Africa, Thursday – Friday
The governor of the Reserve Bank of Australia Michele Bullock and the officials testify to the parliamentary committee on Friday
Japan CPI, Friday
European zone manufacturing and services, Friday, Friday
UK S&P Global Manufacturing & PMI services, Friday
US S&P Global Manufacturing & PMI services, Friday
The governor of the Bank of Canada, Tiff Macklem, speaks on Friday
Some of the main market movements:
Actions
Tower contracts on S&P 500 increased by 0.2% compared to the highest since January 23 at 2:37 p.m. New York time,
The term contracts on the industrial average of Dow Jones increased by 0.2%
The MSCI global index has changed little
The term contracts on the NASDAQ 100 increased by 0.2%
The MSCI Asia Pacific index increased by 0.6%
The MSCI emerging market index increased by 0.5%
The Ibovepa Brasil Sao Paulo stock market index increased by 0.7%
S&P / BMV IPC has increased by 0.2% to the highest for about six months
Currency
The Bloomberg Dollar Spot index has changed little
The euro was little changed to $ 1,0482
The British book has increased by 0.3% to the highest since December 17
The Japanese yen increased by 0.6% to the highest since December 9
The Yuan Offshore has changed little at 7.2647 for a dollar
The Mexican peso has strengthened from 0.1% to 20.287 for a dollar, increasing for the fifth consecutive day, the longest sequence of victories since November 19.
The real Brazilian weakened 0.2% to 5.7097 per dollar
Cryptocurrency
Bitcoin slipped 1.7%, more than any loss of fence since February 4
Ether increased by 0.9% for $ 2,712.12
Bonds
The yield on treasury bills at 10 years has changed little at 4.48%
The yield in 10 years of Germany has advanced six base points at 2.49%
British 10 years in 10 years has advanced three basic points at 4.53%
Goods
The West Texas intermediate crude increased 0.9% to $ 71.39 per barrel
Cash in cash increased by 0.5% to $ 2,896.56
This story was produced with the help of Bloomberg Automation.
– With the help of Catherine Bosley, Isode Macdonogh and Sebastian Boyd.
