FYI: European stocks rose Thursday and bond yields bounced higher, providing a sense of relief after several jittery days in markets over fears of a slowing global economy.
In Europe, the Stoxx Europe 600 was up 0.5%, trimming some of the losses it suffered Wednesday.
In the U.S., futures pointed to opening rises of 0.3% for the Dow Jones Industrial Average and 0.4% for the S&P 500.
In Asia, however, the Shanghai Stock Exchange was down 0.3% and Hong Kong’s Hang Seng Index dropped 0.4%. Japan’s Nikkei was down 0.3%.
For days, markets have been dropping, threatening a possible end to their bullish run as investors sold stocks and sought safety in bonds.
The Bank of Canada, meanwhile, kept interest rates unchanged and said a broad improvement in domestic economic activity had reinforced its view that a slowdown that began in late 2018 was temporary.
The more positive mood helped lift bank stocks in Europe. Deutsche Bank , which is down over 10% this year, was up 1%.
German publishing group Axel Springer was the biggest gainer of the Stoxx Europe 600 after the company said late Wednesday that private-equity investor KKR & Co. and the Springer family were considering a bid to take the company private. Shares were up 21%.
Looking ahead, investors awaited the second reading of first-quarter U.S. economic growth later Thursday. The first reading showed gross domestic product rose at a 3.2% annual rate despite slowing consumer and business spending. UniCredit said in a note that it expects growth to be revised down to “a still healthy” 2.9%.
Global benchmark Brent crude oil was flat at $67.90 a barrel. Gold prices, which tend to rise when investors are worried, were down 0.4%.
Regards
Ted
WSJ:
https://www.wsj.com/articles/european-stocks-u-s-futures-rise-11559203273Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-29/asia-stocks-seen-lower-treasuries-pare-gains-markets-wrapIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-palo-alto-stock-market-correction-veeva-stock/CNBC:
https://www.cnbc.com/2019/05/30/stock-markets-wall-street-in-focus-amid-escalating-trade-war-concerns.htmlReuters:
https://www.reuters.com/article/us-global-markets/global-stocks-steady-yields-bounce-metals-melt-again-idUSKCN1T003PU.K.
https://uk.reuters.com/article/uk-britain-stocks/oil-majors-drive-gains-on-ftse-100-firstgroup-climbs-on-mid-caps-idUKKCN1T00NQEurope:
https://www.reuters.com/article/europe-stocks/springer-daily-mail-prod-european-stocks-higher-idUSL4N2361V6Asia:
https://www.cnbc.com/2019/05/30/stock-markets-wall-street-in-focus-amid-escalating-trade-war-concerns.htmlBonds:
https://www.cnbc.com/2019/05/30/stock-markets-wall-street-in-focus-amid-escalating-trade-war-concerns.htmlCurrencies:
https://www.cnbc.com/2019/05/30/forex-market-us-china-trade-war-eu-politics-in-focus.htmlOil:
https://www.cnbc.com/2019/05/30/oil-market-opec-supply-cuts-us-crude-stockpiles-in-focus.htmlGold:
https://www.cnbc.com/2019/05/30/gold-market-us-china-trade-war-dollar-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
