Markets | Glenrock Gazette


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European ADRs Climb Higher in Tuesday Trading

American depositary receipts of European stocks were trading 0.75% higher at 1,047.59 on the BNY Mellon Europe Select ADR Index on Tuesday. In continental Europe, the gainers were led by biopharmaceutical company MorphoSys (MOR) and network infrastructure operator Nokia (NOK), which rose 4.7% and 3.8% respectively. They were followed by semiconductor company STMicroelectronic (STM) and medical device maker Edap (EDAP), […]

Traders work the floor at the New York Stock Exchange, Thursday, Feb. 9, 2017. (AP Photo/Mark Lennihan)

Bond Prices Rise as Safety-Buying Resumes

US Treasury prices rallied Thursday with the long bond leading while the 2-year dragged as risk-off trades resumed, but prices were off the highs. Trade uncertainties remain supportive of safety-buying along with hopes for central bank accommodation, as equities also posted modest gains. The 10-year yield was near 2.105% from 2.123% Wednesday and the 2-year unchanged near 1.84%. Core European […]