Romain Fournier

Chief Editor
Having worked in the British, French and Swiss financial press, Romain is able to report on local and international issues, as comfortable in French as in the language of Shakespeare, Romain Fournier leads the editorial team at Marketscreener. Fine connoisseur of the English-speaking markets, Romain delivers an editorial every day on US and UK markets.

The latest from London: High bond yields spook investors

01/18/2022 | 04:59am EDT

Equity markets are still very volatile, and while yesterday saw the FTSE 100 lifted by M&A announcements, it is down 0.9% this morning as rising UK and US yield strengthen the case for tighter monetary policies.

Consumer companies such as Unilever and JD Sports fashion are among the poorest performers while energy firms such as BP and Royal Dutch Shell are still on top.

New data from the Office for National Statistics shows that the UK unemployment rate fell from 4.5% to 4.1% between September and November 2021. British employers added a record 184,000 staff to their payrolls in December, which indicate that the Omicron variant has little impact on the job market.

U.S. Treasury yields exceeded 1% for the first time since February 2020, with investors now coming to terms with the fact that a U.S. rate rise is likely to come in March.

Rio Tinto is down after it forecast slightly weaker-than-expected 2022 iron ore shipments due to production delays and staff shortages.

 

Things to read today:

Day Traders as “Dumb Money”? The Pros are Now Paying Attention (WSJ)

BlackRock surges past $10 trn in assets under management (Financial Times)


© MarketScreener.com 2022
Stocks mentioned in the article
ChangeLast1st jan.
BLACKROCK, INC. 0.21% 593.08 Delayed Quote.-35.22%
FTSE 100 1.55% 7415.96 Delayed Quote.-1.11%
JD SPORTS FASHION PLC -0.25% 121.9 Delayed Quote.-43.89%
ON SEMICONDUCTOR CORPORATION 0.43% 56.07 Delayed Quote.-17.45%
PROS HOLDINGS, INC. 8.72% 27.56 Delayed Quote.-20.09%
RIO TINTO PLC 2.26% 5468 Delayed Quote.9.30%
SHELL PLC 1.02% 27.775 Real-time Quote.42.39%
UNILEVER PLC 1.25% 3494.5 Delayed Quote.-12.52%