NEW YORK/LONDON : European equity markets fell on Friday and major U.S. indexes were little changed as worries over fallout from debt-laden China Evergrande persisted, while U.S. bond yields pushed higher after hawkish stances from central banks.
“You look back on this week and there is a lot for global markets to digest,” said Matthew Miskin, co-chief investment strategist at John Hancock Investment Management.On Wall Street, the Dow Jones Industrial Average fell 4.97 points, or 0.01per cent, to 34,759.85, the S&P 500 gained 1.89 points, or 0.04per cent, to 4,450.87 and the Nasdaq Composite dropped 22.91 points, or 0.15per cent, to 15,029.34.
"Some of the hesitancy in European markets could also be put down to the German elections, which promise to be the most interesting in some time," said Chris Beauchamp, chief market analyst at IG. "A week of central bank action has shown us that policymakers are ready to move toward reining in on loose monetary policies introduced during the pandemic," ING analysts wrote in a note to clients.
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