Stocks flat today after strong bounce on Monday

Some big names have reported today including Credit Suisse, Airbus and Barclays which reported profits heavily down on previous year but better than expectations.

Stocks flat today after strong bounce on Monday

Stocks put in a strong performance on Monday, bouncing back from last week’s falls. US Treasury yields fell back towards 1.4% providing relief for risk assets which had declined sharply as yields rose last week above 1.6%. Approval over the weekend from the House of Representatives for Joe Biden’s $1.9 trillion relief package also helped markets higher.

UK and European Stocks are flat to slightly lower this morning after Monday’s rally saw the S&P 500 advance the most in a single day in almost nine months. In the UK analysts looking ahead to the budget tomorrow with Morgan Stanley seeing a £20 billion package of measures as likely, along with tax increases.


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