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.
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.
It has been a relatively quiet day in stock markets on both sides of the Atlantic. European indices are essentially flat on the session, while US equities are showing modest gains.
The US stock indices rose with the beginning of the US session, in light of the increase in the risk appetite among investors as a result of the strong
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.
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