Bearish sentiment is dominating the markets as stocks, oils and metals are enduring large declines.
It has been a busy 24 hours for central banks as the Federal Reserve announced its tapering plans last night, and today, the Bank of England kept rates on hold, disappointing may traders.
Stocks are a touch lower as traders await the Federal Reserve meeting. There is growing speculation the US central bank will announce the tapering of its bond buying scheme, which currently stands at $120 billion per month.
The mood in Europe is positive as we approach the close of trading. At the end of last week, European indices finished on a downbeat note as the latest quarterly updates from Amazon and Apple impacted the sentiment.
Stock markets in Europe are showing modest losses as the mood has been dampened by the latest quarterly results from Amazon and Apple.
S stock markets are up following the news the US economy grew by only 2% in the third quarter, while economists were expecting a reading of 2.6%.
Stock markets in Europe are in the red this afternoon as traders in this part of the world took their cues from the losses that were seen in Asia overnight.
Gold prices had noticeable fluctuations since the beginning of this week’s trading, and it declined today for the first time after 5 consecutive sessions of gains,
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.
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