Euro zone bond yields remained steady on Thursday as investors awaited the European Central Bank meeting later in the day, where President Christine Lagarde is expected to provide insights on potential interest rate changes.
Germany’s 10-year bond yield, a key indicator for the euro zone, held steady at 2.334%. This stability comes as investors eagerly anticipate Lagarde’s remarks on the timing of potential interest rate adjustments.
In other news, LTIMindtree CFO Vinit Teredesai has resigned, with Vipul Chandra set to succeed him. Additionally, the Bank of Japan expressed growing confidence in prices and wages, shifting focus to its upcoming March meeting.
SAR Televenture is planning to raise Rs 450 crore through a further public offer and rights issue, while GP Eco Solutions India has filed IPO papers with NSE Emerge.
On the stock market front, European shares slipped ahead of the ECB rate decision, with Virgin Money posting a record gain. The STOXX 600 was down 0.3%, with the automobile and parts sub-index experiencing the biggest decline.
In the cryptocurrency world, Bitcoin traded above $66,000, with Shiba Inu and Dogecoin shedding up to 16%. Gold prices also reached record levels following comments from Fed Chair Jerome Powell hinting at potential rate cuts.
Overall, the financial markets are experiencing a mix of stability and volatility as investors eagerly await key decisions and announcements from central banks and companies. Stay tuned for more updates on the latest market developments.
