Daily Market Review: Risk Appetite Deteriorates as Yellen Talks Rate Hike
Channel: JFD Brokers
Date: 2021-05-05

Daily Market Review by Charalambos Pissouros

Equities fell sharply yesterday, driven by a selloff in tech stocks, as well as by comments from US Treasury Secretary Janet #Yellen that interest rates may have to rise. Although #Fed officials are sticking to their guns that it is too early to start discussing policy normalization, that view will be put into test on Friday, when we get the US #employment report for April.

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