UK stocks follow Wall Street lower

UK and European stocks have opened slightly higher this morning after the US Federal Reserve delivered its latest and forecasts for the US economy.

UK stocks follow Wall Street lower

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UK stocks have opened down this morning following US stocks lower. The sell-off on Wall Street yesterday was sparked by the US 10-year Treasury yield spiking above 1.75%, the first time it has reached that level since January last year.

The Bank of England left interest rates unchanged, at least until it sees “clear evidence that significant progress is being made in eliminating spare capacity and achieving the 2% inflation target sustainably.”

Europe has restarted the use of AstraZeneca’s vaccine after endorsement from the European Medicines Agency.

 

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