Stocks generally higher with major European names reporting

This morning, UK and European stocks are attempting to recover some of yesterday's sell-off. Markets fell on Thursday on rising concerns over the spread of the delta variant of coronavirus and its impact on global economic recovery.

Stocks generally higher with major European names reporting

UK and European stocks are generally trading a little higher today. European earnings season is underway with major names reporting today.

In the UK a second Bank of England official, Michael Saunders, of the the monetary policy committee, has said inflation could hit four per cent this year and the central bank may need to take action.

In the US on Thursday, Treasury Secretary Janet Yellen seemed to take the same stance as the Federal Reserve with regard to inflation saying she expects to rise over coming months but then cool off.

Asian markets were lower on Friday. US President Joe Biden make a statement today highlighting the risk to American companies of doing business in Hong Kong. He said ‘The situation in Hong Kong is deteriorating and the Chinese government is not keeping its commitment it made’.

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