Taper talk rattles global share markets

20.05.2021 - Evdokimov Roman
Taper talk rattles global share markets

Global share markets performed turbulently on Thursday. The weak session came after Wall Street recorded a choppy performance, which sent cryptocurrencies to low levels. More so, the U.S. Federal Reserve’s possible changes in policies supported bonds and the dollar.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.04%. South Korean shares slipped 0.34%, while Hong Kong’s Hang Seng index dropped 0.72%. Japan’s benchmark index Nikkei bucked the downswing to trade 0.43% higher.

Markets were upbeat across Europe, with futures for the EUROSTOXX 50 recording a 0.64% gain. German DAX futures also climbed, while FTSE futures tallied a 0.88% earning. Treasury yields recovered, while the dollar maintained its strong performance after the Fed decided to change its policies if the U.S. economy sustained its momentum.

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