Scoreboard: Tech glitch

Equities were dealt a blow on both sides of the Atlantic as doubts over bloated US tech stocks and a resurgence in Ukraine tensions weighed.

Sentiment took another hit overnight, although there wasn’t too much in the way of real news or dataflow to cause it. Indeed data was light overall, but quite positive. Geopolitical tensions flared, fair to say, and that obviously would have weighed. The fact is though the protests by pro-Russians in Eastern Ukraine have been going on for weeks and aren’t that large -- a few hundred here or there according to reports. The difference this time is that Russian protesters were allowed to enter government buildings and of course make very public calls for a referendum or Russian assistance.

Instead, this latest deterioration in markets looks to be a tech stock event, on a view that valuations are stretched. We’ll find out soon as the US earnings season kicks off this week.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles