Michael Nagle | Bloomberg | Getty Images
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Nov. 9, 2016.
Equity markets around the globe are seeing red Thursday, after the Dow Jones industrial average sank more than 800 points in the previous session as concerns around rising rates continued to batter markets. On Thursday, Asia-Pacific stocks saw sharp declines by the region’s market close, while European shares tumbled as the equity sell-off spilled into markets worldwide.
In previous sessions, U.S. treasury yields have been keeping investors on their toes. On Wednesday, treasury debt yields retreated somewhat, after the benchmark 10-year Treasury yield clinched a fresh seven-year high on Tuesday and the 30-year bond yield reached its highest since 2014.
Concerns surrounding rising interest rates continue to keep investors on edge, as strong economic data adds concerns over what this could mean for the future of U.S. monetary policy and therefore the economy.
On Thursday, the consumer price index figures, due out at 8:30 a.m. ET, will be of key importance to investors – as depending on the outcome, this could alleviate or deteriorate market sentiment.
On the corporate front, Walgreens Boots Alliance and Delta are set to publish its latest earnings results.