Stocks flat after gains last week

Like US futures, UK and European stocks have held Friday's gains this morning.

Stocks flat after gains last week

The big event on Friday was the US jobs report for April which economists had anticipated would see the addition of 1 million new jobs. As it turned out their expectations were massively off the mark with only 278,000 net non-farm payrolls being added. Treasury yields fell and stock index futures rose strongly in the anticipation that the Fed would be less inclined to raise rates and cut stimulus after the report.

Like US futures, UK and European stocks have held Friday’s gains this morning.

 

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.’

Download Our Free Brochure