UK and European stocks are higher this morning, following Asian markets which rose on strong economic data from China. Exports from China rose more than expected in April, with demand for Chinese goods remaining high.
The US April job report is due today with economists expecting that a million jobs will have been added last month. The report will be widely watched as an indicator of economic recovery.
On Thursday, the Bank of England left interest rates and its bond buying program unchanged as expected. The central bank raised its outlook for the economy, anticipating the best year for UK growth since the second world war.
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.’
