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.
The mood has lightened today and that has prompted dealers to swoop in a snap up relatively cheap stocks.
Stock markets are enduring large losses due to concerns about rising inflation, higher interest rates and the war in Ukraine.
European stock markets are deep in the red as the brutal sell-off seen on Wall Street last night has set the tone for today.
The Bank of England amplified recession fears by forecasting the British economy will contract by 0.25% next year, while at the same time, hiking interest rates by 0.25% to 1% - the highest level since 2009.
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