Wed. Jan 27th, 2021

European stocks hit four-year high despite Chinese profits slump – business live

Rolling coverage of the latest economic and financial news, as US president Trump claims a trade deal is very close

11.52am GMT

Global stock markets are creeping close to a record high today.

The MSCI all-country world index is now 0.4% shy of its previous peak, thanks to the rally in Europe and (most of) the Asia-Pacific region today.

11.34am GMT

What happened to volatility?!

The financial markets feel unnaturally calm and still at present — and that’s because volatility has slipped to unusually low levels.


Vol in every asset class is at least half a standard deviation below its one-year average

(stocks, Treasuries, high yield, oil, FX)

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