Economic recovery concerns weigh on market

Stocks are trading a little lower this morning with worries over economic recovery weighing on sentiment as the number of coronavirus case surges in Europe.

Economic recovery concerns weigh on market

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Stocks are trading a little lower this morning with worries over economic recovery weighing on sentiment as the number of coronavirus case surges in Europe.

In the UK, data released this morning shows that the rate of inflation fell unexpectedly to 0.4% in February, down from 0.7% in January. This is more than one percentage point below its 2.0% target. The Pound is lower today.

The 10-year U.S. Treasury yield fell back for a second day after Fed Chair Jerome Powell told the House Financial Services Committee on Tuesday that “the recovery has progressed more quickly than generally expected and looks to be strengthening”.

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