Stocks hold gains following Fed comments

Stocks hold gains following Fed comments

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Monday saw gains in global markets led by technology stocks, and UK and European stocks are edging higher today. US stock index futures are holding yesterday’s gains after US Fed officials attempted to allay investor’s ongoing concerns over inflation and interest rates. James Bullard, St. Louis Fed President said yesterday regarding changing monetary policy, “I don’t think we should do it when we’re still in the pandemic”.

Data released today from the UK Office for National Statistics (ONS) showed that the level of government borrowing fell in April as lockdown restrictions eased but remains elevated with borrowing at £31.7 billion last month.


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