"Draghi reinforced the belief the central bank will carry out the QE program in full," said IG analyst Stan Shamu.
"This
seems to have been what investors wanted to hear as it had an immediate
impact on markets, helping bond markets settle down and seeing equities
rally as fears the ECB may pull the QE pin early abated."
The euro rallied to another three-month peak at $1.1445, up from $1.1414 late in New York on Thursday, aided by this week's upbeat eurozone growth data. It later pulled back to $1.1356.
"Bond prices peaked a little under a month ago but selling really picked up in the last couple of weeks, triggered largely by higher inflation expectations on the back of rising oil prices," Oanda analyst Craig Erlam told AFP.
He added: "The sell-off in bond markets does appear to be slowing though now, following what was quite a dramatic decline in a very short period of time."
Asian equities mostly advanced on Friday following a healthy rally on Wall Street, while Tokyo was supported by a weaker yen and Hong Kong enjoyed strong buying.
Tokyo's Nikkei index climbed 0.83% and Sydney put on 0.68%. On the downside, Seoul fell 0.65%, while Shanghai shed 1.59%.
Hong Kong rallied 1.96% on speculation authorities will soon announce a tie-up between the city's index and Shenzhen's, similar to that with Shanghai.
The euro rallied to another three-month peak at $1.1445, up from $1.1414 late in New York on Thursday, aided by this week's upbeat eurozone growth data. It later pulled back to $1.1356.
"Bond prices peaked a little under a month ago but selling really picked up in the last couple of weeks, triggered largely by higher inflation expectations on the back of rising oil prices," Oanda analyst Craig Erlam told AFP.
He added: "The sell-off in bond markets does appear to be slowing though now, following what was quite a dramatic decline in a very short period of time."
Asian equities mostly advanced on Friday following a healthy rally on Wall Street, while Tokyo was supported by a weaker yen and Hong Kong enjoyed strong buying.
Tokyo's Nikkei index climbed 0.83% and Sydney put on 0.68%. On the downside, Seoul fell 0.65%, while Shanghai shed 1.59%.
Hong Kong rallied 1.96% on speculation authorities will soon announce a tie-up between the city's index and Shenzhen's, similar to that with Shanghai.
No comments:
Post a Comment