Stocks lower after Fed fails to calm market nerves

Some big names have reported today including Credit Suisse, Airbus and Barclays which reported profits heavily down on previous year but better than expectations.

Stocks lower after Fed fails to calm market nerves

UK and European markets are lower this morning after Federal Reserve Chair, Jerome Powell failed to reassure markets over interest rate rises. On Thursday Powell said the recent rise in yields was “notable” but the Fed would be “patient”. This wasn’t enough for the markets and Treasury bond yields rose sharply again. Bond markets appear to be pricing in the strong possibility that the Fed will raise rates due to inflationary pressures.

The latest US jobs report is due today and investors will be closely monitoring. Consensus expectation is for an increase in non-farm payrolls from 49,000 to 185,000.


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