Stocks try to bounce back after sell-off

This morning, UK and European stocks are attempting to recover some of yesterday's sell-off. Markets fell on Thursday on rising concerns over the spread of the delta variant of coronavirus and its impact on global economic recovery.

Stocks try to bounce back after sell-off

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Stocks in the UK and Europe are attempting to bounce back today after heavy losses on Monday. Markets sold off on fears that the rapid rise of new cases of coronavirus delta variant would slow the rate of global economic recovery.

The US 10yr Treasury Yield fell below 1.2% on Monday, its lowest level in five months prompting investors to wonder if markets have become too optimistic recently.

Producer prices in Germany were higher by 8.5% year-on-year in June, a 39 year high.

In Europe, UBS reported a better-than-expected second quarter jump in profits.

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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