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European shares rise but global stocks poised for weekly decline

European equities rose on Friday, but global equities were heading for their first weekly decline in a month as traders weighed in on the economic implications of central bank interest rate hikes to curb inflation.

The FTSE All World index of emerging and emerging market shares added 0.1% on Friday morning, but remained on a weekly decline trajectory of about 1.3%.

The European stock index Stoxx 600 added 1.1% in early trading, then NATO countries have committed To supply heavy weapons to Ukraine. The regional index was on the rise for 0.4% over seven days, after rising 1.1% the previous week. But analysts attributed constant daily fluctuations to the development of the news flow around Russia’s invasion of its neighboring country.

The London FTSE 100 also led to a weekly rise, reflecting the heavy weight of energy companies and banks that were boosted by rising oil prices and rising interest rates.

“Investors have a lot on their plate right now,” said Maria Munichi, M & G’s multi-asset portfolio manager. “We have a complex macroeconomic situation and so much volatility [in daily trading] It has to do with Russia and Ukraine. “

“The main question is whether we are going to see a global recession in the next 12 months,” she added. “Will interest rates go up quite a bit and then it will have some implications for me [economic] growth.”

subtlety The recent Federal Reserve policy monetary policy meeting showed that “many” of its policymakers saw an increase of one or more half-point interest rates properly if inflation, now at a 40-year high, remained high. Also the European Central Bank Widely observed It is likely to become more volatile after annual consumer price increases in the eurozone reached a new high of 7.5 percent in March.

In Asia, Chinese technology stocks plunged further on Friday after a difficult week, as fears of global inflation and the Federal Reserve’s hawkishness in the US suppressed stock valuations.

The Hang Seng Tech index, which tracks technology companies traded in Hong Kong, fell 3 percent, with notable losses to the Bilibili video platform, which shed up to 9.2 percent, and the travel booking site Trip.com, which lost up to 6.2 percent.

Global government bonds traded steadily on Friday, which also helped boost the short-term risk appetite for equities. The yield on the 10-year US Treasury bill was fixed at 2.65%, and remained close to multi-year highs. The corresponding German bond yield declined At 0.01 point to 0.67%.

Brent crude rose 0.9 percent to $ 101.5 a barrel.

European shares rise but global stocks poised for weekly decline Source link European shares rise but global stocks poised for weekly decline

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