STOXX EURO STOXX 50

$STOXX $EZU $VGK The Pan-European High Yield CCC Rating Only Total Return Index Unhedged tracks non-investment-grade, fixed-rate corporate bonds. The ratio of CCC to B is sitting at years high >4X in euro credit market => larger than during Covid or 2022 bear market

European stocks trade higher as telecoms tumble European stocks popped in early Friday trade, with the regional Stoxx 600 index up 0.8% at 8:18 a.m. in London and many sectors trading more than 1% higher. Mining stocks led the charge, up 1.8%, amid concerns of a copper supply squeeze due to strikes at several major operations. Retailers were also 1.6% higher. Telecommunication stocks tumbled more than 2%, with Deutsche Telecom down 7%, after a SpaceX deal that will give the company greater reach in the U.S. telecoms market rattled U.S. incumbent players AT&T, Verizon and T-Mobile in extended trading. Deutsche Telecom is the parent company of T-Mobile US. $STOXX $T $VZ

$STOXX latest update shows Index turning lower as expected. Trade in the Live Trading Room has reached our target profit for a total of 3.7% profit #elliottwave

If earnings remain strong, and the idea is that they probably will, if expectations are met and/or higher, that is going to sustain this rally — despite the fact that rates are higher,” Courtney Garcia, senior wealth advisor at Payne Capital Management, told CNBC’s “Closing Bell.” “It’s not going to derail the market.” Across the Atlantic, the pan-European Stoxx 600 was 0.85% lower in morning trade. The U.K.’s FTSE 100 was 0.44% down, while France’s CAC 40 shed 0.81%. The German DAX dipped 0.77%, as Italy’s FTSE MIB shed 0.98%. $STOXX

French government bond yields soared on Wednesday as pressure on the government intensified ahead of budget talks starting next week. Student protests, due to restart on Thursday, underline a growing political and economic challenge facing the French government. Market watchers do not expect pressure on French assets to ease anytime soon. $STOXX