UK stocks lower after GDP data

UK stocks lower after GDP data 150 150 Realm

UK stocks are lower today after the ONS reported that the UK economy contracted by 2.6% in November. From Chancellor Rishi Sunak – “today’s figures highlight the scale of the challenge we face” In the US, Joe Biden, US President-elect revealed details of a major multi-trillion dollar American Rescue Plan. The package will support businesses and includes direct payments of…

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Stocks up on China data and US stimulus optimism

Stocks up on China data and US stimulus optimism 150 150 Realm

Better-then-expected trade data from China, the hope of further stimulus in the US from a Biden administration and the rollout of vaccination programs, is keeping sentiment elevated. UK and European stocks are higher this morning. Investors will be weighing these positives against the rising number of coronavirus cases and tighter lockdown restrictions. In the US, House members voted to impeach…

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Vaccine rollout and US impeachment vote in focus

Vaccine rollout and US impeachment vote in focus 150 150 Realm

UK and European stocks are flat this morning. Investors are monitoring developments as coronavirus vaccines are being rolled out globally. Matt Hancock, UK Health Secretary, told Sky News this morning that the UK is ‘on track’ to vaccinate the most vulnerable by the middle of next month. In Europe tighter restrictions have been imposed in several countries with lockdowns extended…

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Markets monitoring coronavirus and political situation in the US

Markets monitoring coronavirus and political situation in the US 150 150 Realm

An article of impeachment against Donald Trump has been introduced by Democrats. Unless the President is removed from power by Vice-President Mike Pence there will be a vote within the next few days to impeach for inciting the attack at the Capitol last week. The FBI has warned that armed protests by Trump supporters are being planned for next week.…

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Weekly Market View through 8th January 2021

Weekly Market View through 8th January 2021 150 150 Realm

UK Stock-Market Despite warnings from the UK government that the NHS could be overwhelmed by the surging number of new coronavirus cases and even with the chaos in the US on Wednesday as Trump supporters stormed the Capitol building, the UK stock-market was higher this week. Markets are hoping that a fast deployment of the Pfizer/BioNTech and AstraZeneca vaccines will…

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Coronavirus cases and stimulus remain in focus this week

Coronavirus cases and stimulus remain in focus this week 150 150 Realm

Stocks in the UK and Europe are lower this morning following last week’s strong gains. This week investors will be weighing the accelerating number of coronavirus cases with US President-elect Joe Biden’s promise on Friday of “trillions of dollars” in further economic stimulus. Investors are hoping that a Democrat-controlled government will push this through quickly. In the UK, the government…

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Stocks higher after confirmation of Biden election victory

Stocks higher after confirmation of Biden election victory 150 150 Realm

Stocks in the UK and Europe are higher this morning. Markets are responding positively to the U.S. Congress confirmation of Joe Biden’s election victory. The anticipation is that a Democrat administration will lead to additional fiscal stimulus to support economic recovery. In the wake of calls for his removal and impeachment, President Trump condemned the siege on the Capitol and…

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Stocks higher despite chaos in US

Stocks higher despite chaos in US 150 150 Realm

This morning congress has certified Joe Biden as President of the United States. This follows dramatic events in the US with Trump supporters storming the Capitol building. Stock-markets have not been negatively affected so far with US futures trading higher overnight and UK and European stocks higher this morning. Investors are considering the projected Democrat Senate win and the likelihood…

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Markets focused on Georgia runoff elections and coronavirus developments

Markets focused on Georgia runoff elections and coronavirus developments 150 150 Realm

UK and European stocks are modestly higher this morning. Markets are focused today on the runoff elections in Georgia that could potentially give Democrats control of the U.S. Senate and empower Joe Biden. Markets also remain very much focused on coronavirus developments with the UK setting a new record in cases and the economic impact of tighter restrictions around the…

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Stocks flat despite rising coronavirus concerns

Stocks flat despite rising coronavirus concerns 150 150 Realm

UK and European stocks are flat this morning despite rising concerns about coronavirus. US stocks ended lower on Monday on worries over the slow pace of vaccine distribution. England will enter another period of full lockdown. Boris Johnson said the weeks ahead “will be the hardest yet” and warned that the NHS could be overwhelmed. The UK experienced its largest…

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