{"id":114315,"date":"2021-02-25T11:41:29","date_gmt":"2021-02-25T11:41:29","guid":{"rendered":"https:\/\/precoinnews.com\/?p=114315"},"modified":"2021-02-25T11:41:29","modified_gmt":"2021-02-25T11:41:29","slug":"shares-and-commodities-keep-climbing-so-do-bond-yields","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/","title":{"rendered":"Shares and commodities keep climbing, so do bond yields"},"content":{"rendered":"

LONDON (Reuters) – World stocks headed back towards record highs with a third day of gains and the dollar dropped to a three-year low on Thursday, after top Federal Reserve and European Central Bank officials took aim at rising bond market yields.<\/p>

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS\/Toby Melville<\/figcaption>

There was a lot to keep tabs on. A renewed retail frenzy re-ignited the likes of GameStop, bets on $70 a barrel oil and a decade high in copper prices drove a commodity currency rally [\/FRX] and bond yields were still rising too. [GVD\/EUR]<\/p>\n

A near 1.9% jump in oil and gas shares ensured European markets followed Asia\u2019s overnight gains [.T][.SS]. MSCI\u2019s main world index, which spans 50 countries, was up 0.5%.<\/p>\n

\u201cThere are two clear stories now\u201d said CMC Markets senior analyst Michael Hewson. \u201cYou have the concerns about rising yields and they are continuing to move higher today, and then you have got an economic recovery story, which is helping lift the more moderately-valued parts of the market.\u201d<\/p>\n

Federal Reserve Chair Jerome Powell said on Wednesday that U.S. rates could remain low for years, while ECB board member Isabel Schnabel was out early on Thursday saying it would fight any big increases in inflation-adjusted market rates.<\/p>\n

\u201cA too-abrupt increase in real interest rates on the back of improving global growth prospects could jeopardise the economic recovery,\u201d she said. \u201cTherefore, we are monitoring financial market developments closely.\u201d<\/p>\n

But bond markets are still not playing ball. Ten-year German Bund yields climbed 3 basis points in early trading. U.S. 10-year Treasury yields were near one-year highs at 1.42% and on course for the biggest monthly rise since Donald Trump\u2019s 2016 U.S. election victory jolted markets.<\/p>\n

In the FX markets, the safe-haven U.S. dollar slumped near three-year lows as the Fed\u2019s stance, ongoing progress with COVID vaccination programmes and commodity market uplift boosted riskier currencies.<\/p>\n

The Australian and Canadian dollars both hit three-year highs of $0.7978 and C$1.2503 per U.S. dollar respectively.<\/p>\n

The euro touched a one-month high of $1.2183. The safe-haven yen and Swiss franc both weakened.<\/p>\n

\u201cIt is pretty clear that there is a pretty strong concentration in the commodity currencies,\u201d said Saxo Bank\u2019s John Hardy. \u201cEven with emerging markets you are seeing it to a degree,\u201d he added, pointing to how big energy importers like Turkey\u2019s lira had faded.<\/p>\n

MARATHON NOT A SPRINT<\/h2>\n

Crude oil climbed to 13-month highs after U.S. government data on Wednesday showed a drop in crude output as a deep freeze in Texas disrupted production last week. [O\/R]<\/p>\n

Copper prices steadied near $9,500 a tonne in London. It\u2019s now at its highest level in almost a decade and could log its biggest monthly gains in 15 years this month.<\/p>\n

In a possible sign of a renewed retail-driven frenzy in equity markets, GameStop\u2019s Frankfurt-listed shares trebled as they opened on Thursday, overshooting the videogame retailer\u2019s 100% surge on Wall Street overnight.<\/p>\n

Other so-called \u201cstonks\u201d – an intentional misspelling of \u201cstocks\u201d – favoured by retail traders on sites such as Reddit\u2019s WallStreetBets had also leapt again, although explanations for the moves were tenuous.<\/p>\n

Some online stocks watchers had even pointed to a picture posted by an activist GameStop investor of a McDonald\u2019s ice cream cone with a frog emoji as a cryptic sign.<\/p>\n

\u201cIt\u2019s a marathon, not a sprint. Whatever happens resist the urge to sell. The longer we hold the higher it goes,\u201d said @catchme1fyoucan, one user in Italy of the retail trading platform eToro, in a discussion on GameStop.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON (Reuters) – World stocks headed back<\/p>\n","protected":false},"author":3,"featured_media":114314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"\nShares and commodities keep climbing, so do bond yields - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shares and commodities keep climbing, so do bond yields - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"LONDON (Reuters) – World stocks headed back\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-25T11:41:29+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cnewsfotor19-3.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/\",\"url\":\"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/\",\"name\":\"Shares and commodities keep climbing, so do bond yields - Pre Coin News\",\"isPartOf\":{\"@id\":\"https:\/\/precoinnews.com\/#website\"},\"datePublished\":\"2021-02-25T11:41:29+00:00\",\"dateModified\":\"2021-02-25T11:41:29+00:00\",\"author\":{\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/precoinnews.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business\",\"item\":\"https:\/\/precoinnews.com\/category\/business\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Shares and commodities keep climbing, so do bond yields\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/precoinnews.com\/#website\",\"url\":\"https:\/\/precoinnews.com\/\",\"name\":\"Pre Coin News\",\"description\":\"precoinnews.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/precoinnews.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/precoinnews.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Shares and commodities keep climbing, so do bond yields - Pre Coin News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/","og_locale":"en_US","og_type":"article","og_title":"Shares and commodities keep climbing, so do bond yields - Pre Coin News","og_description":"LONDON (Reuters) – World stocks headed back","og_url":"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/","og_site_name":"Pre Coin News","article_published_time":"2021-02-25T11:41:29+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/02\/cnewsfotor19-3.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/","url":"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/","name":"Shares and commodities keep climbing, so do bond yields - Pre Coin News","isPartOf":{"@id":"https:\/\/precoinnews.com\/#website"},"datePublished":"2021-02-25T11:41:29+00:00","dateModified":"2021-02-25T11:41:29+00:00","author":{"@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/precoinnews.com\/business\/shares-and-commodities-keep-climbing-so-do-bond-yields\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/precoinnews.com\/"},{"@type":"ListItem","position":2,"name":"Business","item":"https:\/\/precoinnews.com\/category\/business\/"},{"@type":"ListItem","position":3,"name":"Shares and commodities keep climbing, so do bond yields"}]},{"@type":"WebSite","@id":"https:\/\/precoinnews.com\/#website","url":"https:\/\/precoinnews.com\/","name":"Pre Coin News","description":"precoinnews.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/precoinnews.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/precoinnews.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/114315"}],"collection":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/comments?post=114315"}],"version-history":[{"count":0,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/posts\/114315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media\/114314"}],"wp:attachment":[{"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/media?parent=114315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/categories?post=114315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/precoinnews.com\/wp-json\/wp\/v2\/tags?post=114315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}