UK and European stocks are trading up this morning following US and Asian markets higher. Markets seem to be stabilising after US hedge fund Archegos Capital failed to meet margin calls which resulted in some major banks selling shares with Nomura and Credit Suisse warning of “significant” hits.
Investors will be closely watching the US 10-year Treasury yield which has spiked above 1.77 today, a new 14-month high. Inflation concerns will quickly come back into focus if the trend continues.
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.’