Once again, the rise in government bond yields is acting as the catalyst for the sell off in stocks.
Stocks are largely in positive territory as traders continue to shake off the headlines about the rising number of patients with the omicron variant of the Covid-19 virus.
Stock markets are in the red as growing fears about tighter restrictions due to the coronavirus are weighing on sentiment.
It has been a surprisingly volatile 24 hours in the markets as the Federal Reserve announced it will be doubling the speed of its tapering policy last night, and the Bank of England unexpectedly hiked interest rates today.
Stocks are mixed today following on from two days of losses. Concerns about the omicron variant of Covid-19 as well as jitters ahead of the Federal Reserve meeting are hanging over the markets.
There are concerns about the rate at which the omicron variant of the coronavirus is spreading, hence why stock markets in Europe and the US are in the red.
Equity markets in Europe are largely lower even though they were showing solid gains for much of the day - which underlines the switch in sentiment.
Most of the financial markets witnessed some calm today in the absence of important economic data, in addition to the traders'
Eurozone and US stock markets are showing modest losses following two very bullish sessions.
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