Markets bounce back on Fed comments

UK and European markets are inching higher this morning bouncing back from yesterday's lows.

Markets bounce back on Fed comments

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UK and European markets are inching higher this morning bouncing back from yesterday’s lows. US stocks took a hit on the open on Tuesday as nervousness increased over rising bond yields and inflation fears. Markets bounced back through the day though after supportive comments by Fed Chair, Jerome Powell, that they remain committed to current policy and that the US economy was still a long way from its employment and inflation goals adding that inflation is still soft.

Boris Johnson announced plans to ease restrictions in the UK saying the roadmap would allow the government to “cautiously but irreversibly” begin lifting the lockdown. The Pound rallied further, and again today, printing above 1.42 against the US dollar, the highest level since April 2018.

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