Markets

Stocks mixed in wake of Jerome Powell’s rates comments, as markets await Apple results

Europe’s Stoxx 600 fell by 0.3 per cent, while the yen continued its slide against the dollar

Markets are keenly awaiting the release of Apple’s results later today

Stocks traded mixed and Treasury yields ticked lower after Jerome Powell, the chair of the US Federal Reserve, downplayed the prospect of further interest rate hikes. The yen resumed losses after a sudden jump hinted at intervention.

Europe’s Stoxx 600 fell 0.3 per cent as Novo Nordisk dropped on disappointing results and Moller-Maersk, a bellwether for global trade, retreated 4 per cent. Shell advanced after the energy producer posted a profit beat and announced a ...