Evergrande concerns back in focus

Evergrande concerns back in focus

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Fears over Chinese firm Evergrande are very much in focus again with the property giant’s shares suspended on the Hong Kong stock exchange after reports that the indebted company had missed a second interest payment.

UK and European markets are mixed this morning. The week opens with concerns over rising inflation and interest rates still to the fore. The the US 10-yr Treasury yield reached 1.56% last week.

In the US on Friday there was a strong end to a poorly performing week after trial results of Merck’s Covid-19 drug were reported as reducing risk of hospitalisation by 50%. That positive sentiment may provide some support this week.

 

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