Stock markets in Europe racked up solid gains today as the bullish close in Asia helped the mood.
Equity markets in Europe and the US are experiencing moderate volatility as Russia announced it will cease gas exports to Bulgaria and Poland.
Earlier today we saw a reversal of yesterday’s fortunes as European stock markets recouped some of the ground that was lost yesterday.
A perfect storm of fears about inflation, the prospect of higher rates and a lockdown in Shanghai are weighing on sentiment.
Stock markets are subdued today as the war in Ukraine continues. Allegations of deliberate attacks on Ukrainian civilians by Russian forces have been made.
The mood surrounding the war in Ukraine has lightened as Russia announced it will reduce military action around Kyiv and Chernihiv.
Yesterday the markets cheered the news that Russia will be scaling back its military hardware on the border with Ukraine, but today there are reports that more Russian soldiers are being sent to the front line.
Stock markets are still being driven by fears the Federal Reserve will lift interest rates several times this year, but there is division with regards to how many hikes will be introduced.
An absence of major news has led to a lacklustre trading session. The move in BP sums up the London session as shares in the oil titan hit a two-year high because the company confirmed that yearly profit hit $12.8 billion, its highest mark in eights years.
Stock markets have witnessed a surge in volatility since last night’s Federal Reserve meeting where the central bank said it would soon be appropriate to start lifting rates.
Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only
© 2022 Equiti, All Rights Reserved