Stocks higher despite new virus concerns

Stocks higher despite new virus concerns

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Increasing concerns that the rapid spread of the virus Delta variant will prompt fresh restrictions and interrupt the global economic recovery seem to be spreading fast. For now at least though, markets appear quite resilient ahead of key US jobs data due for release on Friday. Investors will be trying to gauge whether the US Fed will be forced to review its current view on inflation and tighten monetary policy sooner than currently anticipated.

There are a number of other data releases before then from the US and Europe including Eurozone consumer sentiment and inflation data today. Investors will also be focusing on a key speech later today from Christine Lagarde, ECB President, at the Brussels Economic Forum.

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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