European stock markets are suffering as there are fears the continent is going down a gear in terms of growth.
Worries about the health of the global economy have resurfaced and that has a triggered a wave of selling across the board as stocks, metals and oils are deep in the red.
Volatility is low in the markets as the US marks Juneteenth. The New York Stock Exchange remains closed, and in turn that has prompted traders in other parts of the world to wait on the side-lines.
The latest data from China highlights the impact of the lockdown in Shanghai – the country’s largest city.
Inflation has been a hot topic lately as there are growing concerns about a cost-of-living crisis.
Equity markets are mixed following yesterday’s volatile session, which saw a flash crash in European markets, and US equities underwent a bullish turnaround.
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.
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 in continental Europe are under pressure as the EU announced plans to reduce its dependency on coal from Russia.
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