The mood in the markets is upbeat as Evergrande, the struggling Chinese property firm, made a loan repayment, and that alleviated fears that the company might go down the route of a debt spiral.
European stock markets are down this afternoon as renewed fears about the heavily indebted Chinese property group, Evergrande, have dented sentiment.
The mood in equity markets is downbeat on account of the disappointing data posted by China overnight, in addition to that, the tick higher in government bond yields is hurting stocks too.
Stocks are enduring heavy losses today as a spike in government bond yields has sent a shock through the markets.
Stock markets in Europe and the US are in positive territory after a few days of losses. In recent sessions, traders have been preoccupied by fears of higher inflation, but today equities have rebounded.
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.
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.
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