On Thursday, February 23, 2023, global markets were mixed as the yield on 10-year US Treasuries declined by two basis points to 3.93%. The yield on the 10-year German Bund rose by 1.05%, while the German DAX gained 0.49%.<\/p>\n
Regarding commodities, Brent crude remained steady at $82.86 per barrel, while WTI crude saw an increase of 0.1% to reach $76.41 per barrel.[0]<\/a><\/sup> At 2:00 Eastern Time, U.S. crude futures had decreased 0.6% to $75.89 per barrel, and the Brent contract dropped 0.7% to $82.28[1]<\/a><\/sup> The yield on the 10-year U.S. Treasury rose by 5 basis points to 3.872% from 3.822%, and the yield on the 10-year German Bund rose by 3 basis points to 2.494% from 2.464%. When bond prices rise, yields fall, and when bond prices fall, yields rise.[2]<\/a><\/sup><\/p>\n The STOXX Europe 600 gained 0.8% in morning trading.[0]<\/a><\/sup> The stock price of Orpea rose 5.6%, and Deliver[0]<\/a><\/sup> In contrast, Dechra Pharmaceuticals decreased by 12.5%, and Quilter declined by 4.2%.[0]<\/a><\/sup> The FTSE 100 saw an[0]<\/a><\/sup> European stocks rose, with France’s CAC 40 gaining 1.1% and Germany’s DAX rising 1.1%.[0]<\/a><\/sup><\/p>\n In the foreign exchange market, GBP\/USD continued to range between resistance at the 50-day SMA at 1.2180, and the support at the 200-day SMA at 1.1935. The 1.1935 level is targeting the 1.[3]<\/a><\/sup> EUR\/GBP rallied from the 0.8780 area and currently finding resistance at the 50-day SMA at 0.8830 area. Support is seen around the 0.8870 level.[3]<\/a><\/sup> GBP\/USD rebounded off the 200-day SMA at the end of last week, keeping the current range between support at 1.1920\/30 and resistance at the 50-day SMA at 1.2180 intact.[4]<\/a><\/sup><\/p>\n The European Central Bank has declared its intention to increase rates by an additional 50 basis points in March, though investors are examining the possibility of a larger increase.[5]<\/a><\/sup><\/p>\n 0. <\/span>“US Futures, European Stocks Rise But Higher Rate Path Worries Return” MarketWatch, 27 Feb. 2023, https:\/\/www.marketwatch.com\/story\/us-futures-european-stocks-rise-but-higher-rate-path-worries-return-7926370b<\/a><\/a><\/p>\n 1. <\/span>“European stock futures mixed; investors on inflation data watch By Investing.com” Investing.com, 27 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/european-stock-futures-mixed-investors-on-inflation-data-watch-3014894<\/a><\/a><\/p>\n 2. <\/span>“US Futures Fall, European Stocks Mostly Down as Rate Worries Linger” MarketWatch, 21 Feb. 2023, https:\/\/www.marketwatch.com\/story\/us-futures-fall-european-stocks-mostly-down-as-rate-worries-linger-741460ea<\/a><\/a><\/p>\n 3. <\/span>“Europe set for higher open, as markets look to US PCE” FXStreet, 24 Feb. 2023, https:\/\/www.fxstreet.com\/analysis\/europe-set-for-higher-open-as-markets-look-to-us-pce-202302240600<\/a><\/a><\/p>\n 4. <\/span>“Europe set for higher open with US markets out for Presidents Day” CMC Markets, 20 Feb. 2023, https:\/\/www.cmcmarkets.com\/en\/news-and-analysis\/europe-set-for-higher-open-with-us-markets-out-for-presidents-day<\/a><\/a><\/p>\n 5. <\/span>“European markets up 1.2% after worst week of the year; Commerzbank climbs 4.5% after DAX re-entry” CNBC, 27 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/27\/european-markets-live-updates-stocks-data-news-and-earnings.html<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" On Thursday, February 23, 2023, global markets were mixed as the yield on 10-year US Treasuries declined by two basis points to 3.93%. The yield on the 10-year German Bund rose by 1.05%, while the German DAX gained 0.49%.<\/p>\n Regarding commodities, Brent crude remained steady at $82.86 per barrel, while WTI crude saw an increase of 0.1% to reach $76.41 per barrel.[0]<\/a><\/sup> At 2:00 Eastern Time, U.S. crude futures had decreased 0.6% to $75.89 per barrel, and the Brent contract dropped 0.7% to $82.28[1]<\/a><\/sup> The yield on the 10-year U.S. Treasury rose by 5 basis points to 3.872% from 3.822%, and the yield on the 10-year German Bund rose by 3 basis points to 2.494% from 2.464%. When bond prices rise, yields fall, and when bond prices fall, yields rise.[2]<\/a><\/sup><\/p>\n The STOXX Europe 600 gained 0.8% in morning trading.[0]<\/a><\/sup> The stock price of Orpea rose 5.6%, and Deliver[0]<\/a><\/sup> In contrast, Dechra Pharmaceuticals decreased by 12.5%, and Quilter declined by 4.2%.[0]<\/a><\/sup> The FTSE 100 saw an[0]<\/a><\/sup> European stocks rose, with France’s CAC 40 gaining 1.1% and Germany’s DAX rising 1.1%.[0]<\/a><\/sup><\/p>\n In the foreign exchange market, GBP\/USD continued to range between resistance at the 50-day SMA at 1.2180, and the support at the 200-day SMA at 1.1935. The 1.1935 level is targeting the 1.[3]<\/a><\/sup> EUR\/GBP rallied from the 0.8780 area and currently finding resistance at the 50-day SMA at 0.8830 area. Support is seen around the 0.8870 level.[3]<\/a><\/sup> GBP\/USD rebounded off the 200-day SMA at the end of last week, keeping the current range between support at 1.1920\/30 and resistance at the 50-day SMA at 1.2180 intact.[4]<\/a><\/sup><\/p>\n The European Central Bank has declared its intention to increase rates by an additional 50 basis points in March, though investors are examining the possibility of a larger increase.[5]<\/a><\/sup><\/p>\n 0. <\/span>“US Futures, European Stocks Rise But Higher Rate Path Worries Return” MarketWatch, 27 Feb. 2023, https:\/\/www.marketwatch.com\/story\/us-futures-european-stocks-rise-but-higher-rate-path-worries-return-7926370b<\/a><\/a><\/p>\n 1. <\/span>“European stock futures mixed; investors on inflation data watch By Investing.com” Investing.com, 27 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/european-stock-futures-mixed-investors-on-inflation-data-watch-3014894<\/a><\/a><\/p>\n 2. <\/span>“US Futures Fall, European Stocks Mostly Down as Rate Worries Linger” MarketWatch, 21 Feb. 2023, https:\/\/www.marketwatch.com\/story\/us-futures-fall-european-stocks-mostly-down-as-rate-worries-linger-741460ea<\/a><\/a><\/p>\n 3. <\/span>“Europe set for higher open, as markets look to US PCE” FXStreet, 24 Feb. 2023, https:\/\/www.fxstreet.com\/analysis\/europe-set-for-higher-open-as-markets-look-to-us-pce-202302240600<\/a><\/a><\/p>\n 4. <\/span>“Europe set for higher open with US markets out for Presidents Day” CMC Markets, 20 Feb. 2023, https:\/\/www.cmcmarkets.com\/en\/news-and-analysis\/europe-set-for-higher-open-with-us-markets-out-for-presidents-day<\/a><\/a><\/p>\n 5. <\/span>“European markets up 1.2% after worst week of the year; Commerzbank climbs 4.5% after DAX re-entry” CNBC, 27 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/27\/european-markets-live-updates-stocks-data-news-and-earnings.html<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":1483,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1484"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=1484"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/1483"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=1484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=1484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=1484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}