The major declines posted in US stock markets last night have set the tone for European equities today.
Earlier today we saw a reversal of yesterday’s fortunes as European stock markets recouped some of the ground that was lost yesterday.
A perfect storm of fears about inflation, the prospect of higher rates and a lockdown in Shanghai are weighing on sentiment.
Stock markets are in the red because of the hawkish comments made by Fed Chair Jerome Powell last night, the central banker stressed the need to tackle rising inflation by hiking interest rates.
The bulls are out in force again as stocks in Europe and the US are driving higher. The absence of negative news is lifting sentiment.
Equity markets in Europe are higher thanks to the bullish session in the US last night. Even though the war in Ukraine persists, the mood in the markets is upbeat.
Stock markets have undergone a rebound today following the World Bank’s downgrade to global growth, the body now predicts the world economy will expand by 3.2% in 2022, while the previous forecast was 4.1%.
Stock markets are on track to finish higher this afternoon as traders have shrugged off the negative headlines about additional sanctions on Russia, as well as the chatter about higher interest rates from the Federal Reserve.
Stock markets are lower due to the ongoing war in Ukraine, and the slightly hawkish tone of last night’s Federal Reserve minutes.
Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only
© 2022 Equiti, All Rights Reserved