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.
Stock markets have undergone a rebound today following the World Bank’s downgrade to global growth, the body now predicts the world economy will expand by 3.2% in 2022, while the previous forecast was 4.1%.
Stock markets are lower due to the ongoing war in Ukraine, and the slightly hawkish tone of last night’s Federal Reserve minutes.
The prospect of Russia invading Ukraine is hammering European equity markets. Tensions have been running high in the past few days as governments around the world have been advising their citizens to leave Ukraine, which speaks to the threat of war.
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.
Volatility in the markets picked up today following the release of the US CPI data, as the reading jumped from 7% to 7.5%, a new 40 year high.
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.
It is another painful day on the markets as traders are dumping stocks. Continued concerns about the possibility of several interest rate hikes from the Federal Reserve and the Russia-Ukraine standoff is weighing on the mood once again.
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.
Stock markets are driving higher ahead of the Federal Reserve’s interest rate announcement.
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