Once again, the rise in government bond yields is acting as the catalyst for the sell off in stocks.
Equity markets are moving higher today as traders are less fearful of the possibility of China slowing down, it also helps that government bond yields have dipped.
A combination of fears that China is cooling, and rising government yields have prompted traders to sell stocks.
Stock markets in Europe are showing modest gains this afternoon. Germany’s DAX is up following the country’s general election yesterday.
Gold prices rose significantly during today's trading, following a slower-than-expected rise in inflation figures in the United States.
Equity markets in Europe started off on a positive note this morning as the feelgood factor from yesterday’s European Central Bank meeting was still doing the rounds.
European equity markets are in the red this afternoon as there are some mild concerns the European Central Bank (ECB) might look to taper its bond buying scheme sooner than previously thought.
It has been a relatively subdued day in the markets even though we saw some interesting economic announcements.
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.
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