(CercleFinance.com) – European stock markets are benefiting from a favorable wind this morning, with Paris, London and Frankfurt gaining between 1.3 and 1.5%.
Despite the return of the Israeli-Palestinian conflict to the forefront of international news, the markets are showing a certain confidence, particularly after the statement from Lorie Logan, a Fed official.
‘Lorie Logan said higher yields could mean there is less need for the Fed to raise rates further, with financial conditions tightening substantially in recent months,’ says Deutsche Bank.
This morning, the 10-year German bund shows a yield of 2.7%, OATs are at 3.36% and US treasury bonds reach 4.65%.
On the energy market, the barrel of Brent is stable, around $88 and the euro is trading against $1.060 (+0.3%).
In European company news, in the third quarter, the BMW brand sold 549,941 vehicles to its customers worldwide, an increase of +6.2% compared to the same period of the previous year. Sales of BEVs (battery electric vehicles) doubled again compared to the same period last year (+100.3%) to reach 83,211 units.
Nokia teams say they have set two new world records for underwater optical transmission, including a data rate of 800 Gbit/s at a distance of 7,865 km using a single wavelength of light.
Finally, the British BAE Systems, in partnership with the Combat Capabilities Development Command Armaments Center (DEVCOM AC) of the American army, announces having established a new long-range shooting record with an XM1155-SC guided projectile fired by an M109 Paladin.
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