Market Updates
European Markets Rebound 1.5% from Six-week Low
Bridgette Randall
21 Dec, 2022
Frankfurt
Stock markets in Europe traded higher and major indexes rebounded from six-week lows on holiday sales optimism.
Consumer sector stocks were in focus and bond yields were stable in trading on Wednesday.
Crude oil prices advanced after two separate reports showed a larger than expected decline in the U.S. inventories but natural gas prices extended losses after supply worries eased.
The DAX index increased 1.5% to 14,097.82, the CAC-40 index surged 2.5% to 6,580.24 and the FTSE 100 index jumped 1.7% to 7,497.32.
The yield on 10-year German Bunds inched up to 2.3%, French bonds edged higher to 2.84%, the UK Gilts edged down to 3.47% and Italian bonds inched lower to 4.42%.
Crude Oil Advanced After U.S. Inventories Declined
Dutch front-month natural gas futures extended losses and dropped to one-month low and below
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