Stocks higher in early trading on Budget day

Some big names have reported today including Credit Suisse, Airbus and Barclays which reported profits heavily down on previous year but better than expectations.

Stocks higher in early trading on Budget day

UK and European stocks are higher this morning. UK investors will be focused on Rishi Sunak’s budget statement, due to start at 12.30 UK time. The Chancellor will announce an extension of the existing furlough scheme and will reassert the government’s commitment to support the economy. Markets will be keen to hear the plans for spending and taxation.

Bond yields fell back again on Tuesday and US futures gained overnight after a weak day session. The anticipation of fresh stimulus continues to embolden traders to “buy the dip”.


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