European markets open higher on Friday as investors monitor Treasury yields for clues on a possible recession.
The pan-European Stoxx 600 was up by 0.35% to 365.09 with every sector moving higher. The FTSE 100 has failed to open so far.
Investor sentiment, already dampened by a slowing economy and ongoing Sino-U.S. trade tensions, turned more pessimistic in recent days after the U.S. 2-year/10-year Treasury yield curve inverted — a market move that is widely considered to be a signal of a looming recession.
U.S. 30-year Treasury yields dropped to a record low on Thursday, falling below 2%, while yields on benchmark 10-year notes dipped to a three-year low, as investors flocked to safe haven assets.
Source : CNBC