UK Services PMI at seven month high

UK stocks are higher this morning with UK Services PMI data coming in at a seven month high

UK Services PMI at seven month high

UK stocks are higher this morning as Moderna vaccine begins rolling out in the UK and data just released from IHS Markit shows UK Services PMI (purchasing managers index) at a seven month high of 56.3.

Toshiba is reportedly contemplating a takeover deal said to be worth $20 billion from a British private equity fund.

For the second time in three months the IMF (International Monetary Fund) has lifted its forecast for global expansion in 2021 to 6%.

 

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.’

Download Our Free Brochure