European shares and bonds inch lower after inflation data

LONDON, March 2 (Reuters) - European shares and bond prices edged down slightly on Thursday after data showed euro zone inflation fell less than expected in February but underlying price growth surged, reinforcing the case for the European Central Bank to keep raising rates.

Germany's 10-year bond yield edged up a whisker after the data, last trading up 4.5 bps at 2.76%, having hit 2.77%, its highest since July 2011 in early trading.

Bond yields move inversely to prices.

The STOXX 600 share benchmark extended its losses, last down 0.55% on the day, having been 0.3% lower before the data. The euro was little changed, down 0.4% against the dollar. Inflation data earlier in the week from major economies including France and Germany was higher than expected, giving an indication of Thursday's euro zone data.
(Reporting by Alun John; editing by Dhara Ranasinghe)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

European shares and bonds inch lower after inflation data

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio