Once again, the rise in government bond yields is acting as the catalyst for the sell off in stocks.
Stock markets are subdued today as the war in Ukraine continues. Allegations of deliberate attacks on Ukrainian civilians by Russian forces have been made.
The latest US jobs report was broadly well received even though the headline reading was a bit of a disappointment.
Putin ramps up rouble rhetoric, stocks suffer
The optimism of yesterday has been replaced by renewed pessimism as continued Russian aggression is driving European stock markets lower.
The mood surrounding the war in Ukraine has lightened as Russia announced it will reduce military action around Kyiv and Chernihiv.
Germany’s DAX, hit its highest mark since late February as the mood in Europe is optimistic, despite the fact the war in Ukraine is not showing any signs of ending soon.
Stocks rebound, gold and silver drive higher
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