Once again, the rise in government bond yields is acting as the catalyst for the sell off in stocks.
The US dollar has dropped to a new four week low as the US non-farm payrolls report greatly missed exceptions.
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.
There was some mild activity in the markets this afternoon following the announcement from Fed chief Jerome Powell.
It has been a lacklustre session in equity markets today as it seems that some dealers are keen to sit on hands ahead of the Jackson Hole Symposium, which kicks off tomorrow.
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.
Traders are in a bullish mood as they are happy to swoop in and pick up relatively cheap stocks.
European stocks are on track to finish higher today following on from the major declines that were witnessed yesterday.
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