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European stock futures slide over 1% as surging bond yields roil equity markets

Published 26/02/2021, 07:13
Updated 26/02/2021, 07:18
© Reuters.

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Feb 26 (Reuters) - European stock index futures fell more
than 1% on Friday following steep losses on Wall Street in the
previous session as a jump in bond yields and concerns of lofty
equity valuations hammered demand for risky assets.
Euro Stoxx 50 futures STXEc1 were down 1.6% by 0606 GMT,
while FTSE futures FFIc1 and DAX futures FDXc1 lost 1.2% and
1.3%, respectively.
In Asian trading, stocks skidded to one-month lows and the
dollar rose from a three-year trough as the 10-year Treasury
yield US10YT=RR hit a one-year high of 1.614%, sparking fears
the heavy losses could trigger distressed selling in other
assets. MKTS/GLOB FRX/
On Wall Street, futures tracking the Nasdaq 100 NQcv1 shed
0.6%, a day after the Nasdaq Composite .IXIC posted its
biggest daily percentage fall in four months, with
growth-oriented technology stocks bearing the brunt of the
sell-off. S&P e-mini futures EScv1 were down 0.2%. .N

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