Stocks are sharply lower today on new coronavirus fears

Stocks are sharply lower today on new coronavirus fears

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Uncertainty over a new variant of coronavirus which appears to be faster spreading has sent stocks lower in UK and Europe this morning. The Pound has also fallen sharply with more severe lockdown restrictions being implemented in London and the south-east of England and European countries shutting their borders to UK travellers. Negotiations between the UK and the EU over a post-Brexit trade deal remain unresolved and could be complicated further by the situation.

US stock index futures are holding up better than European markets this morning. News that a deal on a $900 billion stimulus package has been reached and is expected to be voted on today has provided some respite from the negative news elsewhere.

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.’

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