Stocks are enduring heavy losses today as a spike in government bond yields has sent a shock through the markets.
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.
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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