Stocks in the UK and Europe are attempting to bounce back today after heavy losses on Monday. Markets sold off on fears that the rapid rise of new cases of coronavirus delta variant would slow the rate of global economic recovery.
The US 10yr Treasury Yield fell below 1.2% on Monday, its lowest level in five months prompting investors to wonder if markets have become too optimistic recently.
Producer prices in Germany were higher by 8.5% year-on-year in June, a 39 year high.
In Europe, UBS reported a better-than-expected second quarter jump in profits.