Equity traders are treading lightly today in the wake of the painful losses racked up this week.
Inflation has been a hot topic lately as there are growing concerns about a cost-of-living crisis.
The mood has lightened today and that has prompted dealers to swoop in a snap up relatively cheap stocks.
Stock markets are enduring large losses due to concerns about rising inflation, higher interest rates and the war in Ukraine.
European stock markets are deep in the red as the brutal sell-off seen on Wall Street last night has set the tone for today.
The Bank of England amplified recession fears by forecasting the British economy will contract by 0.25% next year, while at the same time, hiking interest rates by 0.25% to 1% - the highest level since 2009.
Volatility is low across the board as traders await the Federal Reserve meeting. Broadly speaking, economists are expecting interest rates to be hiked by 0.5%.
Equity markets are mixed following yesterday’s volatile session, which saw a flash crash in European markets, and US equities underwent a bullish turnaround.
Stock markets in Europe are pushing higher even though tensions around Russia have ticked up. President Putin has threatened to hit back at countries that are assisting Ukraine. Gas supplies into the EU are being monitored as there are some worries the energy market could become weaponised.
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