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.
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.
The mood in the markets is subdued following the excitement experienced last week. Traders are sitting on the sidelines today as they still don’t know what to make of last Friday’s US jobs report.
The FTSE 100 is outperforming the major indices in the eurozone thanks to its relatively large exposure to oil and gas stocks, such as BP and Royal Dutch Shell.
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.
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 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.
It has broadly been another bearish day for equities as a combination of Covid-19 concerns, tighter regulation in China, and disappointing data from the US, soured sentiment.
Equity markets in Europe and the US continue to grind higher as the recovery story is still in circulation.
Stock markets in Europe got off to a good start today as traders were handed the bullish baton by their counterparts in Asia.
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