The latest data from China highlights the impact of the lockdown in Shanghai – the country’s largest city.
Inflation has been a hot topic lately as there are growing concerns about a cost-of-living crisis.
Equity markets are mixed following yesterday’s volatile session, which saw a flash crash in European markets, and US equities underwent a bullish turnaround.
A perfect storm of fears about inflation, the prospect of higher rates and a lockdown in Shanghai are weighing on sentiment.
Stock markets are in the red because of the hawkish comments made by Fed Chair Jerome Powell last night, the central banker stressed the need to tackle rising inflation by hiking interest rates.
Equity markets in Europe are higher thanks to the bullish session in the US last night. Even though the war in Ukraine persists, the mood in the markets is upbeat.
Stock markets in continental Europe are under pressure as the EU announced plans to reduce its dependency on coal from Russia.
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The optimism of yesterday has been replaced by renewed pessimism as continued Russian aggression is driving European stock markets lower.
Stocks rebound, gold and silver drive higher
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