UK and European stocks higher again today

UK and European stocks higher again today

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Earnings season continues with more major names reporting today. Investors will also be waiting for the latest US jobs report and how that data might play into Joe Biden’s strategy for his proposed stimulus plan. The US President meets today with House leaders to discuss the $1.9 million proposal.

The Bank of England kept interest rates at 0.1% on Thursday and left its bond-buying programme unchanged. The UK economy is expected to shrink by 4.2% in the first three months of 2021 and said we should prepare for negative interest rates. Governor, Andrew Bailey, called the vaccine rollout “excellent news” and said “We do think that this is going to support a sustained recovery throughout the rest of the year”.

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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