Equity markets saw a lot of volatility today as the latest trade data from China added to worries about the health of the global economy.
Fears the US economy might be heading for an actual recession have resurfaced because of the brutal New York Fed manufacturing index report.
It has been a quiet day in terms of news flows as it seems that traders are looking ahead to tomorrow’s US CPI numbers.
Sterling took a knock today because of the gloomy update from the Bank of England.
Silver is edging lower and the MACD indicator shows that momentum is negative, implying the sellers are dominant.
European stock markets closed largely flat amid low volatility. The major indices were in positive territory for much of the session but dipped just before the session ended.
Worries about inflation are gathering pace as the US producer price index (PPI) rate jumped to 11.3%, close to its record high.
Equity traders are treading lightly today in the wake of the painful losses racked up this week.
Stock markets in Europe are on track to finish higher as bullish sentiment is doing the rounds.
European stock markets are suffering as there are fears the continent is going down a gear in terms of growth.
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