Yields have been increasing lately and most periphery currencies are shoving vulnerability which mean a slow pricing mechanism of upcoming tapering is on the way. This seems like a way more believable trend than the sudden market movements we saw during the summer and I think it will continue in the following months.
With two consecutive negative days the Stoxx600 is around a one and a half month low. US is more resilient as per usual but with higher rates the stock indices might get under pressure because the yield difference will erode so equities most likely won’t perform as well as they did so far this year.


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