Global risk aversion warmed up on Tuesday (23rd), European stocks suffered setbacks led by technology stocks in early trading.BitcoinThe sharp fall, the market is worried about rising bond yields.
European stocks pan-European Stoxx 600 index fell 1.2% in early trading, of which technology stocks fell 3.2%, and most major stocks fell.
At the same time, US stock futures also underperformed. Nasdaq 100 futures fell 2%, while S&P 500 futures fell 0.8%.BitcoinThere has been a dramatic drop, over 7000 in the past 10 hours USD, Retired to 45,000 USDNearby, the 24-hour decline was about 15%.
In European countries, the German DAX index fell 2%, the French CAC40 index fell 0.7%, the FTSE MIB index of Italy fell 1.5%, and the FTSE 100 index fell 0.7%.
European Central Bank President Christine Lagarde said on Monday that the central bank is “closely monitoring changes in long-term nominal bond yields.” Her remarks led to lower yields on European sovereign bonds.
On the other hand, the rise in U.S. Treasury yields has turned moderate and has fallen below 1.36%.
US Federal Reserve Board Chairman Jerome Powell will release semi-annual securities in the Senate on Tuesday. His comments on interest rates and inflation may affect the subsequent stock market trends.
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