Flash PMI data for the Eurozone and the UK is due today and will provide investors with further clues re the economic recovery. Following the data release a press conference with Christine Lagarde, ECB President, will also be widely monitored.
UK retail sales rose sharply in April as restrictions were eased. Data released earlier today by the Office for National Statistics showed a jump of 9.2% last month, much more than forecasted.
Disclaimer: ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’