European stocks fell lower on Thursday, as the market appears to have broken the movement of its locks with bonds for the first time in months.
An Stoxx Europe 600 SXXP,
0.1% lower trade, following a weakness in the U.S. on Wednesday, in the tech-heavy Nasdaq Composite COMP,
In particular. The fall came in a session with little movement in the bonds market, with the result of the 10-year TMUBMUSD10Y Treasury,
at 1.62% on Thursday. Tech stocks have been under pressure recently as bond yields rise, as it makes their relative valuation look worse.
US stock futures ES00,
NQ00,
however, arose in early action Thursday morning.
The Suez Canal was blocked for a second day, including at least 150 boats in the main shipping route.
AstraZeneca AZN,
AZN,
shares rose 0.9% after the drug company revised its vaccine efficacy estimate to 76% from 79% following a dispute with the U.S. regulator. AstraZeneca vaccine production is at the heart of controversy between the UK and the European Union, and both sides said on Wednesday they would look to expand vaccine supply to all.
CINE Cineworld,
shares fell 9%, after the company said it expects to issue a $ 213 million convertible bond at a 7.5% interest rate. The cinema operator recorded a pretax loss of $ 1.3 billion in 2020 and said its underlying issue is that its cinemas will open in May.
Around the city AT1,
Shares fell 5%, as a commercial property operator in Germany and the Netherlands reported a sharper-than-expected 29% drop in cash from all-share operations in 2020 and led to a weaker 2021 performance than analysts. expectation.