We're seeing some risk aversion in financial markets on Thursday as we await inflation data from the US later in the week.
It probably won't come as a surprise to many that we're seeing stock markets in the red considering how well they've performed in recent days and weeks. It would appear we've seen a lot of buying on the hope of a Fed pivot and some weaker inflation and labour market figures.
Well, the Fed kind of pivoted but indicated that the terminal rate may be higher.
10-11-2022 04:10 GMT
by Craig Erlam