FXStreet (Mumbai) – The stock markets across the globe and in Europe rose to two-month highs on prospects of more monetary stimulus from the European Central Bank (ECB) in December.
The pan-European Euro Stoxx 600 index advanced 1.4%. The regional indices strengthened along with the government bonds. The short-end bond yields continued to drop in anticipation of a deposit rate cut in December. The Spanish 2-yr yield fell into negative for the first time, while German 2-yr yield hit a record low on Thursday.
The positive action in Europe pushed up US index futures. At the time of writing, the S&P 500 futures were up 0.40%.
(Market News Provided by FXstreet)