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.
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.
It has been a relatively subdued day in the markets even though we saw some interesting economic announcements.
The US dollar has dropped to a new four week low as the US non-farm payrolls report greatly missed exceptions.
There was some mild activity in the markets this afternoon following the announcement from Fed chief Jerome Powell.
Traders are in a bullish mood as they are happy to swoop in and pick up relatively cheap stocks.
European stocks are on track to finish higher today following on from the major declines that were witnessed yesterday.
Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only
© 2021 Equiti, All Rights Reserved