Wed. Sep 23rd, 2020

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.

BORING:

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

(stocks, Treasuries, high yield, oil, FX) pic.twitter.com/STZjM4B3WN

Continue reading…Rolling coverage of the latest economic and financial news, as US president Trump claims a trade deal is very closeLatest: Stoxx 600 index at highest since 2015FTSE 100 hits two-month highChinese factory profits plunge 9.9%Worst monthly slide since 2011 (apart from Jan-Feb)Economists say China is struggling 11.52am GMTGlobal 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 GMTWhat happened to volatility?!The financial markets feel unnaturally calm and still at present — and that’s because volatility has slipped to unusually low levels.BORING:Vol in every asset class is at least half a standard deviation below its one-year average(stocks, Treasuries, high yield, oil, FX) pic.twitter.com/STZjM4B3WN Continue reading…