UK and European stocks are trading up this morning following US and Asian markets higher. Markets seem to be stabilising after US hedge fund Archegos Capital failed to meet margin calls which resulted in some major banks selling shares with Nomura and Credit Suisse warning of “significant” hits.

Investors will be closely watching the US 10-year Treasury yield which has spiked above 1.77 today, a new 14-month high. Inflation concerns will quickly come back into focus if the trend continues.

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