Article taken from: finance.yahoo.com
For a Reuters live blog on U.S. , UK and European stock markets, click LIVE/ or type LIVE/ in a news window) (Adds comments, updates prices) Feb 26 (Reuters) – European stock index futures fell more than 1% on Friday, tracking steep losses on Wall Street and in Asian markets as a jump in bond yields and concerns of lofty equity valuations hammered demand for riskier assets. Euro Stoxx 50 futures slumped 1.7% by 0637 GMT, while FTSE futures and DAX futures fell 1.2% and 1.4%, respectively. Asian markets fell to a one-month low, while the dollar rose from a three-year trough as the 10-year Treasury yield hit a one-year high of 1.614%, sparking fears the heavy losses could trigger distressed selling in other assets. […] High-flying technology stocks bore the brunt of this week’s selloff after powering the global stock market recovery from a coronavirus-induced crash last year. […] Of the 194 companies in the STOXX 600 that have reported quarterly earnings so far, 68% have beaten analysts’ estimates, according to Refinitiv.
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