Blood on the streets of Europe as major bourses start the week with a punch in the face.It's a grim start to the week for Europe. Dragged lower by Friday's weak U.S. close and of course, the latest Covid news of fresh lockdowns in Beijing.
Also adding to a weaker sentiment is the news that Putin is now looking for a landgrab of Southern e, with perhaps the view to creating a landbridge to Moldova - in so doing, cutting off e's access to the sea.
PiQ's Opening Bell Tweet
FTSE 100 Down 1.5%
STOXX 50 Down 1.5%
STOXX 600 Down 1.6%
DAX Down 1.6%
CAC 40 Down 1.8%
Yields are softer across the board, and traders are starting to reprice the chances of rate hikes
Markets are expecting a further slump in German business morale when the IFO survey emerges later in the day. Remember the indicator took a dive in March, with the forward-looking component hit especially hard. No relief on this front.
My kingdom for some positive catalysts!
Source: Blood on the streets of Europe as major bourses start the week with a punch in the face. (https://www.forexlive.com/news/blood-on-the-streets-of-europe-as-major-bourses-start-the-week-with-a-punch-in-the-face-20220425/)
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