Stock markets in Europe racked up solid gains today as the bullish close in Asia helped the mood.
The brutal sell-off in US stocks last night ensured European markets got off to a very tough start this morning.
Markets have fallen back into their old habits as an increase in yields has sparked a sell-off in stocks. Equity markets experienced low volatility at the start of the week and that was because US bond yields cooled, but today the 10-year yield traded above 3%, which speed up the decline in equities.
Equity markets are enjoying a rally as a bullish mood is dominate on both sides of the Atlantic.
The latest data from China highlights the impact of the lockdown in Shanghai – the country’s largest city.
Volatility is relatively low today as we near the close of trading. Equity markets are showing strong gains as bargain hunters have snapped up stocks.
Once again fears about high inflation and the prospect of more interest rate hikes in the US are hammering stocks.
Inflation has been a hot topic lately as there are growing concerns about a cost-of-living crisis.
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