Stocks are in green as risk appetite remains dominant on markets. Moreover, the US dollar is declining. All this is creating the perfect environment for oil, with both the WTI and Brent benchmarks gaining over 1%. Despite some temporary corrections the main trend still appears positive.
European markets opened modestly higher at the beginning of the week, providing a mixed sectoral performance picture as gains in tech and banking shares offset declines from miners. Investors returned cautiously to their trading desk with uncertainty reigning following China’s crackdown on commodities and crypto markets, which sparked a significant increase in volatility. In addition, lingering inflation concerns as well as pick-up in virus cases in some areas are weighing on market sentiment. Even if stock markets aren’t technically threatened so far, investors are desperately waiting for some more clarity on how inflation worries will be addressed as well as how it could affect the future of the exceptional support from governments and central banks. Markets are likely to remain volatile and become less and less directional if uncertainty about these significant market drivers lingers.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.