Volatility was low in stock markets today, as a bit of bargain hunting pushed up equities in Europe and the US.
Stock markets in Europe are on track to finish higher as bullish sentiment is doing the rounds.
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.
Stock markets are enduring large losses due to concerns about rising inflation, higher interest rates and the war in Ukraine.
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A bearish streak has returned to the markets as the ongoing violence in Ukraine is chipping away at sentiment.
The relationship between Russia and Ukraine has gone from bad to worse as it appears that Moscow is calling for the recognition of two pro-Russian regions in Ukraine.
Volatility is low in equity markets due to a lack of major macroeconomic news. The optimism that was in circulation at the end of last week, following the loan repayment from Evergrande, is still doing the rounds today.
The markets are looking forward to a number of central bank meetings this week as well as some important economic data. The currency market today saw some price gaps as well as the decline of most of the global stocks with the opening of the week, after the North Korea's the most powerful nuclear test on Sunday undermined investors' risk appetite amid reports that Pyongyang was ready to launch another missile. While the US and Canadian markets closed due to the Labor Day.
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