Stock markets have rebounded from the brutal losses that were witnessed yesterday as government bond yields have cooled a touch.
Stock markets are in the red as yesterday’s bullish sentiment has been replaced by worries about rising inflation, and lofty oil prices.
Eurozone stock markets are powering ahead this afternoon thanks to the news the Beijing authorities are easing up on some of the Covid restrictions.
The mood in equity markets is upbeat following last night’s update from the Federal Reserve. Earlier this month the US central bank hiked interest rates by 50 basis points – meeting forecasts – and last night the minutes from that meeting were released.
Lately there has been growing chatter the European Central Bank might lift interest rates in July, and this morning, Christine Lagarde dropped a big hint that rates will be lifted.
Stock markets in Europe racked up solid gains today as the bullish close in Asia helped the mood.
Equity markets in Europe and the US are experiencing moderate volatility as Russia announced it will cease gas exports to Bulgaria and Poland.
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 subdued today as the war in Ukraine continues. Allegations of deliberate attacks on Ukrainian civilians by Russian forces have been made.
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