News

Investors are looking at the likely economic recovery from the coronavirus and await cues from the Federal Reserve this week amid caution over rising borrowing costs.

There were several positive vaccine developments over the weekend with Novavax announcing its vaccine is 96% effective .

ECB Head, Lagarde warned that higher bond yields could lead to a “premature tightening of financing conditions”, which she labelled “undesirable”.

US 10-year Treasury bonds have been a key driver of news lately, and the sell-off eased on the inflation news pushing yields down to a session low of 1.50%, compared to 1.61% earlier this week.

The  heavyweight technology sector jumped strongly (Nasdaq +3.7%) post a tough few weeks.