Bourses in Euroland open mostly in green, EUR stable

FXstreet.com (Ediinburgh) -Despite the 2-day sharp correction lower in Wall St., European equities opened mostly higher on Friday, with the sole exception of the German benchmark, down 0.06% so far. Markets are thus reverting the recent pullback against the backdrop of increasing bond yields. The CAC40 is the best performer at the moment, up 0.31% and followed by the IBEX35, 0.30% and the FTSE100, 0.13%. The EUR/USD is consolidating Thursday’s abrupt advance beyond the 1.3300 handle, hovering over 1.3350/55 ahead of EMU and US data.

Asian markets closed in a ‘sea of red’ following the second back-to-back triple-digit drop in Wall St. on Thursday, as renewed market chatter regarding the Fed’s tapering spooked investors. The NIKKEI225 fell 0.75% seconded by the Shanghai, 0.64% and the Hang Seng, 0.05%.