European Bourses Tracking Lower Midday On Oil Issues, Interest-Rate Outlook

Friday, February 26, 2021 7:04 AM | MT Newswires

European bourses were tracking lower mid-session Friday, as traders weighed a Wall Street futures market which was flashing red and a tech rout overnight on Asian exchanges.

In economic news, the gross domestic product of France declined 1.4% sequentially in Q4. This was a slightly larger decline than the consensus projection of analysts polled by Econoday, which forecast a decline of 1.3%.

The broad-gauge Stoxx Europe 600 Index was off approximately 1.1% recently.

Among national indices, the German Dax was off 0.8%, the FTSE 100 Index in London was off 1.3% and the CAC 40 in Paris was off 0.9%.

Front-month Brent crude oil futures were down 1.7% at approximately $65.01 per barrel.

The yield on German 10-year sovereign bonds was minus 0.248%.

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