Europe Bonds Rise on ECB Stimulus as Erste Tumbles, Oil Drops
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European bonds rose, pushing Irish yields to a record low, on speculation the European Central Bank’s monetary stimulus will support demand for the securities. Erste Group Bank AG tumbled the most since 2009 and Brent fell.
The MSCI All-Country World Index of global shares was little changed at 433.65, following a six-day rally. Ireland’s 10-year yield fell four basis points to 2.3 percent. The Stoxx Europe 600 Index trimmed the biggest weekly gain since March. Erste slumped 16 percent in Vienna after forecasting a record loss. U.S. equity-index futures were little changed after the Dow Jones Industrial Average topped 17,000 for the first time. Brent oil capped its worst week in six months. American markets were closed for a holiday.