Weekly Market View through 4th June 2021

Weekly Market View through 4th June 2021

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UK Stock-Market

  • The UK stock-market was higher this week, as was Europe. Investors are taking a positive view on economic recovery, albeit with one eye on inflation and the prospect of over-heating.
  • The global manufacturing PMI index reached an eleven-year high and the OECD (Organization for Economic Co-operation and Development) upgraded its global growth forecast for 2021.
  • The number of new UK cases of the coronavirus Delta variant has increased strongly but Boris Johnson said there is not enough evidence yet to delay the easing of lockdown restrictions later this month.
  • Our Breadth indicator stayed positive and our Momentum Indicator ticked back up.

UK Market 4th June 2021

US Stock-Market

  • The US stock-market was higher last week with the energy sector out-performing on the back of rising oil prices. Markets traded cautiously for most of the week ahead of Friday’s important US jobs report.
  • On Thursday, ADP, the payrolls processor, released data indicating that Friday’s report could be better-than-expected and the expectation was for an extra 671,000 jobs added in May. In the event the data showed 559,000 jobs added, much less than forecast and easing concerns that the economy is over-heating. The market rallied on the news.
  • The main focus once again this week will be US data which may give investors clues regarding the future path of inflation and the possible response from the Fed. May’s US CPI (Consumer Price Index) data is due on Thursday.
  • Our Breadth Indicator stayed positive and our Momentum Indicator ticked back up.

US Market 4th June 2021The Big Picture 4th June 2021

Market Sentiment 4th June 2021

U.S. Risk Barometer 4th June 2021

Europe Risk Barometer 4th June 2021

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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