Rolling coverage of the latest economic and financial news as organised retail traders continue to cause mayhem for Wall Street
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Stocks are slipping as investors pulled back from risky bets that could be foiled by an army of small investors intent on propping up some of Wall Street’s most-shorted shares.
Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and make adjustments as needed.
European Opening Calls:#FTSE 6439 -1.34%#DAX 13441 -1.65%#CAC 5439 -1.30%#AEX 642 -1.13%#MIB 21593 -1.47%#IBEX 7840 -1.17%#OMX 1944 -1.37%#STOXX 3501 -1.59%#IGOpeningCall
An added concern is the prospect of a slower vaccine rollout, as well as disruption to vaccine supplies, as the EU weights the prospect of export controls on vaccine supplies, thus raising the political temperature amongst those who have managed to coordinate their vaccine rollout program better.
In a separate development European Council President Charles Michel even raised the prospect of seizing control of vaccine production in an attempt to get its own botched vaccine program back on track, after the likes of parts of Spain, France and Germany ran out of vaccine supplies.