The bulls are out in force again as stocks in Europe and the US are driving higher. The absence of negative news is lifting sentiment.
The fact the EU have not slapped an embargo on Russian oil has helped stocks.
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.
Traders are cautiously optimistic this afternoon and in turn we are seeing a rally in stocks. European benchmarks are outperforming their US counterparts even though tensions between Russia and Ukraine haven’t been resolved.
The mood in the markets is subdued following the excitement experienced last week. Traders are sitting on the sidelines today as they still don’t know what to make of last Friday’s US jobs report.
European equity markets are in the red this afternoon as there are some mild concerns the European Central Bank (ECB) might look to taper its bond buying scheme sooner than previously thought.
Stock markets in Europe are showing solid gains today as traders are less fearful of the Federal Reserve tapering its bond buying scheme in light of last week’s disappointing non-farm payrolls report.
Stock markets in Europe started out on a positive note as there was a bullish session in Asia overnight, but only the DAX is set to close in positive territory.
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