Stocks rebound but head for worst Jan since 2016

Rise in European shares follows late surge on Wall Street on Friday

LONDON:

Stocks staged a modest rebound on Monday as traders put aside concerns about interest rate rises and the crisis in Ukraine to dip back in, but global equities are still headed for their worst January since 2016 after a bruising month.

The rise in European shares follows a late surge on Wall Street on Friday after a series of forecast-beating company earnings, including from tech giant Apple, helped stabilise investor sentiment after a series of volatile sessions. Still, investors say the backdrop for equities remains uncertain as central banks tighten policy and another jolt higher in oil prices adds to inflationary worries.

 

Published in The Express Tribune, February 1^st, 2022.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.