Stocks higher at start of week

In the US this week's focus will be on the FOMC (Federal Open Market Committee) meeting tomorrow and Wednesday.

Stocks higher at start of week

Share on facebook
Share on twitter
Share on linkedin

UK and European stocks have opened higher this morning. In the US this week’s focus will be on the FOMC (Federal Open Market Committee) meeting tomorrow and Wednesday. Following last week’s $1.9 trillion stimulus package, there is some expectation that the Fed will lift its GBP forecast. Markets will be watching for that and the latest interest rate announcement.

The stimulus includes a direct payment of $1400 per person. Bank of America predict this will increase investment in equities from retail traders and lift stocks higher, extending the recent new highs in US markets.


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