23 Feb, 2021 09:00 am

Europe Stocks Drop, Futures Drift as Yields Steady

European stocks dropped while U.S. equity futures fluctuated as investors assessed the outlook after a jump in bond yields and commodity prices hammered technology shares.

The yield on 10-year Treasuries gained one basis point to 1.Germany’s 10-year yield advanced three basis points to -0.Britain’s 10-year yield jumped four basis points to 0.Japan’s 10-year yield was unchanged at 0.

” Traders are waiting to hear from Federal Reserve Chair Jerome Powell when he testifies to the Senate Banking Committee on Tuesday and the House Financial Services panel the following day.Some key events to watch this week: Fed Chair Jerome Powell delivers the central bank’s semi-annual monetary policy report to the Senate Banking Committee on Tuesday.

Read full story at