Eurozone stock markets are powering ahead this afternoon thanks to the news the Beijing authorities are easing up on some of the Covid restrictions.
Equity markets are enjoying a rally as a bullish mood is dominate on both sides of the Atlantic.
The latest data from China highlights the impact of the lockdown in Shanghai – the country’s largest city.
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 back and forth between Russia and Ukraine is weighing on sentiment in the markets. Lingering tensions and concerns that Russia will maintain a heavy military presence on its border with Ukraine has prompted dealers to sell stocks.
The mood in equity markets is a lot more optimistic today than it was last week, and even though the headlines about the Federal Reserve potentially hiking interest rates several times this year are still doing the rounds.
Volatility is low in equity markets due to a lack of major macroeconomic news. The optimism that was in circulation at the end of last week, following the loan repayment from Evergrande, is still doing the rounds today.
By Reuters : Japan's Nikkei rose more than 1 percent to a near two-year high on Tuesday, encouraged by rebound in U.S. hi-tech shares as investors bet on solid growth in the economy and corporate profits globally.
By Reuters : A new round of political worries over Greece, Italy and Britain had European currencies on the retreat against the dollar on Tuesday, the resulting bleaker mood on stock markets also pushing the yen broadly higher.
By Reuters : Concerns over Italy's banks and Britain's national election campaign dominated holiday-thinned European financial markets on Monday, prodding stock markets lower after Asian share indices fell back off 2-year highs.
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