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Market Buzz: Stocks fall back as MPC rewrites script
1700: Close The Footsie gave back the lion's share of the previous session's gains as a more hawkish-than-expected MPC saw 10-year Gilts slump, pushing their yield up by as much as 11 basis points to 1. 66% at one point. However, some analysts cautioned that markets might be getting a little ahead of themselves. Thus, and on the more dovish side of things, Bank of America-Merrill Lynch told clients: "So we now expect a 25bp Bank Rate hike in May and another in February 2019.
Europe close: Vstoxx surges, bonds gyrate after MPC surprise
Stocks finished at their lows of the session amid steep selling in government bonds around the world stoked by a hawkish sounding Monetary Policy Committee, amid a noticeable pick-up in a key gauge of stockmarket volatility on the Continent.
Barclays sees up to 82% upside in Kaz Mineral shares
Barclays upgraded its view on KAZ Minerals on Thursday, telling clients the recent pullback in the stock had opened-up an unusually large valuation gap relative to peer Antofagasta.
Europe midday: Stocks at session lows as MPC lights bond fire
Stocks are bouncing along near their lows of the session amid steep selling in government bonds around the world stoked by a hawkish sounding Monetary Policy Committee.
Yuan falls by most in two years after January trade data
China's currency slumped overnight after hitting a two-year high the day before, following the release of weaker than expected foreign trade data, which some investors believe may goad Beijing nearer to loosening capital controls as a means of offsetting recent strength in the yuan.
Europe open: Stocks drop, US central bank, bond markets in the spotlight
Stocks are registering moderate falls with the focus squarely on Thursday's roster of US central bank speakers to gauge the outlook for the pace of rate hikes in the States, especially in the wake of recent events.