There was a burst of volatility when Jerome Powell delivered his speech and initially the US equites tumbled, and the US dollar rallied.
Equity markets have recouped some of the losses they endured earlier this week ahead of the Jackson Hole Symposium which starts today.
Volatility is low in the markets as the US marks Juneteenth. The New York Stock Exchange remains closed, and in turn that has prompted traders in other parts of the world to wait on the side-lines.
Equity markets are enjoying a rally as a bullish mood is dominate on both sides of the Atlantic.
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.
Stock markets are up for a change as traders are feeling cautiously optimistic ahead of the Ukraine-Russia talks.
Equity markets are down this afternoon as Stephane Bancel, the CEO of Moderna, cautioned that existing Covid-19 vaccinations might struggle to contain the omicron strain of the virus.
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 and the US are largely higher thanks to the well-received manufacturing reports from the eurozone and the US.
Equity markets are in the red as it seems that dealers are squaring up their books on the final day of the month.
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