Gains in Stocks Capped by Rise in Real Yields, Netflix Disappoints
Posted: Wed Apr 20, 2022 3:14 pm
LONDON—Stocks edged higher on Wednesday, but gains were capped by questions over how far real bond yields will rise as investors sifted through disappointing Netflix earnings and war continued in Ukraine. The STOXX index of 600 European companies gained 0.4 percent to 458.17 points. The MSCI all country stock index was 0.2 percent firmer. Investors kept a wary eye on the 10-year Treasury Inflation-Protected Securities (TIPS), whose yields briefly broke above negative territory on Tuesday for the first time since March 2020. A rise in real yields poses a fresh headwind for risky assets such as stocks, especially big tech firms which report earnings next week, now more closely scrutinized after Netflix shares sank on Tuesday evening after news it was losing subscribers. ...
Source: https://www.theepochtimes.com/gains-in- ... 15723.html
Source: https://www.theepochtimes.com/gains-in- ... 15723.html