Yields in the eurozone fall, equities rise after the ECB rate hike

(Added information on Wall Street futures, oil quotes)

Feb 2 (Reuters) – Europe’s major indices rise as eurozone government bond yields fall after the European Central Bank raised its key rate on Thursday by another 50 basis points to 3.00%, in line with analysts’ forecasts.

European equities accelerated, with the pan-European STOXX 600 up 0.78% by 4:20pm GMT, Germany’s DAX up 1.39% and France’s CAC up 0.46%.

At the same time, futures on Wall Street’s major indexes were mixed: the Dow fell 0.11% at 4:26 pm Moscow time, the S&P 500 rose 0.67%, the Nasdaq 100 rose 1.61%.

Yield of 10-year German bonds fell to 2.171% and 10-year Italian government bonds to 4.077%.

The yield on 10-year US Treasuries fell to 3.3745%.

The euro did not receive support from the expected decision of the European regulator and fell by 0.17% to USD 1.10.

The dollar index against a basket of major currencies is trading at 101.26.

The gold spot price rose slightly to $1,952.1 an ounce.

Crude oil accelerated its decline after strengthening in Asian trade: Brent futures fell 0.51% at $82.42 a barrel, WTI fell 0.31% to $76.17 a barrel. (Reuter office in Gdansk)


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