Stocks higher after Biden inauguration

Stocks higher after Biden inauguration

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UK and European stocks are edging higher this morning as investors try and digest what the new Biden administration will mean for markets. In his inaugural speech the new President called on Americans to come together and stated his intention to end the “uncivil war”. Boris Johnson said he looked forward to “strengthening the partnership between our countries.”

Biden will begin work on the $1.9 trillion coronavirus stimulus package straight away. Investors will be closely monitoring the response from Republicans.

In Europe, the ECB will announce its latest interest rate decision today. No change is expected.

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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