Stocks steady ahead of Biden inauguration

Stocks steady ahead of Biden inauguration

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UK and European stocks are flat to higher this morning ahead of Joe Biden’s inauguration. Biden will become the 46th President of the United States today and his inauguration speech will be the first step in his attempt to bring Americans back together after the recent political and social upheaval.

On Tuesday, Janet Yellen, nominee for Treasury Secretary, gave her backing to the $1.9 trillion stimulus plan that was announced last week and urged the US government to “act big”.

In the UK, data from the ONS showed that inflation doubled in December, climbing to 0.6% from 0.3% in November, but still below the BofE 2% target.

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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