World stocks rise on day 6 rise, boring trade hits the euro – base

London / Tokyo, July 22 (Reuters)-World equities rose slightly on Friday as European markets rose as data on eurozone business activity squeezed the economy, squeezing the euro and the euro, 6 It showed a rise on the day. Block debt

The MSCI World Index (.MIWD00000PUS), the widest gauge on the stock market, rose 0.04% at the start of trading in Europe and the Eurostocks 50 Index (.STOXX50E) rose 0.2%.

Overnight, the broader MSCI Asia Pacific Equity Index (.MIAPJ0000PUS) fell 0.1%, but the index is well on its way to its largest weekly rise in about two months.

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S & P 500 futures fell 0.4% at the end and Nasdaq futures fell 0.7%.

Despite the return of Russian gas to Europe and strong growth in the region, Italy’s political tensions are expected to boost central bank action on both sides of the Atlantic in connection with rising inflation. Similarly, I weakened my emotions.

The European Central Bank raised interest rates 50 basis points higher than expected on Thursday to zero percent. This is the first increase in 11 years and ends the negative interest rate policy that has been in place since 2014.read more

Mark Hefere, chief investment officer at UBS Global Wealth Management, said he remained cautious about the outlook for equities.

“While the market welcomed a 50 basis point higher than expected, we continue to pay attention to European equities as the ECB takes a step between fighting inflation and preventing a recession.”

After the first rise, the euro receded against the dollar and fell further on Friday as traders evaluated potential interest rate paths. After weak trading activity data hit the trader’s screen, it expanded the loss.

Business activity in the euro area also showed an unexpected contraction, with companies continuing to report rising costs as inflation struck, damaging consumer demand and damaging outlook.

The euro was last down 0.9% against the dollar to $ 1.0143, but is still up 0.6% this week, with the biggest rise in the month.

Germany’s 10-year bond yield was also affected by weak PMI data, down 13 basis points to 1.09%.

Elsewhere in the currency market, the dollar rose 0.6% against the baskets of major pairs, supported by the weaker euro, but it was the largest since late May as recent economic data eased bets on expected sizes. It has been steadily moving toward a weekly decline. Federal Reserve interest rate hike.

The Federal Reserve is meeting next week to set interest rates, and expectations of a 100 basis point hike have diminished in support of price fluctuations of 75 basis points.

Bitcoin, the leading cryptocurrency, finally rose 0.2% to $ 23,176, and is on track for the best week since October last year.

In commodities, oil prices fell slightly, while Brent and US WTI futures fell about 0.1%. Gold was flat at $ 1,717.9 an ounce.

Edited by Sonari Desai, Lincoln Feast, Edmund Cramant

Our Criteria: Thomson Reuters Trust Principles.