UK and European stocks are generally trading a little higher today. European earnings season is underway with major names reporting today.
In the UK a second Bank of England official, Michael Saunders, of the the monetary policy committee, has said inflation could hit four per cent this year and the central bank may need to take action.
In the US on Thursday, Treasury Secretary Janet Yellen seemed to take the same stance as the Federal Reserve with regard to inflation saying she expects to rise over coming months but then cool off.
Asian markets were lower on Friday. US President Joe Biden make a statement today highlighting the risk to American companies of doing business in Hong Kong. He said ‘The situation in Hong Kong is deteriorating and the Chinese government is not keeping its commitment it made’.
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.’
