Weekly Market View through 9th July 2021

Weekly Market View through 9th July 2021 150 150 Realm

UK Stock-Market The UK stock-market was almost flat last week. Data from the ONS showed that the UK economy grew 3.6% in the three months to May. That’s the strongest growth since November but less than forecasted. UK Services PMI data from IHS Markit indicated that the strong recovery in service activity continued during June. Economics Director at IHS Markit,…

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Stocks searching for direction this morning

Stocks searching for direction this morning 150 150 Realm

This morning, UK and European stocks are attempting to recover some of yesterday’s sell-off. Markets fell on Thursday on rising concerns over the spread of the delta variant of coronavirus and its impact on global economic recovery.

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Stocks trying to rally after sell off on Thursday

Stocks trying to rally after sell off on Thursday 150 150 Realm

This morning, UK and European stocks are attempting to recover some of yesterday’s sell-off. Markets fell on Thursday on rising concerns over the spread of the delta variant of coronavirus and its impact on global economic recovery.

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Stocks lower on global growth concerns

Stocks lower on global growth concerns 150 150 Realm

Stocks in the UK and Europe are down this morning following Asian markets and US futures lower. Concerns over economic growth in China was responsible for the sell-off in Asia. In the US investors have been digesting Minutes from the US Federal Reserve’s June meeting released yesterday. The Minutes appeared to show division among officials with some anticipating the criteria…

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Stocks trying to rally after sell-off on Thursday

Stocks trying to rally after sell-off on Thursday 150 150 Realm

This morning, UK and European stocks are attempting to recover some of yesterday’s sell-off. Markets fell on Thursday on rising concerns over the spread of the delta variant of coronavirus and its impact on global economic recovery. News that Pfizer and BioNTech are working on a Covid-19 booster jab targeting the delta variant may help sentiment at the end of…

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Stocks bounce back this morning

Stocks bounce back this morning 150 150 Realm

Stocks in Europe and UK are bouncing back this morning, setting a more positive tone than Wall Street or Asian markets. In the US, minutes of the Fed’s June meeting will be in focus when they are released later today. Investors will be looking for further clues regarding the Fed’s view of inflation and when the central bank might begin…

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Boris Johnson reveals plans for freedom day

Boris Johnson reveals plans for freedom day 150 150 Realm

The Pound is trading higher this morning after Boris Johnson announced plans to lift Covid restrictions in England on “freedom day” which is projected to be 19th July. A final decision will be made a week before on July 12th. The stronger Pound is weighing a little on the FTSE 100 this morning but energy stocks have received a boost…

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Weekly Market View through 2nd July 2021

Weekly Market View through 2nd July 2021 150 150 Realm

UK Stock-Market Stock-markets in the UK and Europe were mixed but little changed last week. Performance was muted with inflation worries to the fore along with concerns over the spread of the new coronavirus variant. A week ago the Bank of England’s Monetary Policy Committee echoed the US Fed’s official stance on inflation, describing the recent rise as “transitory” and…

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Eurozone growth hit a 15-year high in June

Eurozone growth hit a 15-year high in June 150 150 Realm

Data from IHS Markit this morning indicated that Eurozone growth hit a 15-year high in June. Chief Business Economist at IHSMarkit, Chris Williamson, said “Europe’s economic recovery stepped up a gear in June, but inflationary pressures have also ratcheted higher” more.. UK Services PMI® data indicated that the strong recovery in service activity continued during June. Economics Director at IHS…

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Stocks higher ahead of US jobs data

Stocks higher ahead of US jobs data 150 150 Realm

UK and European stocks are higher this morning as investors await key US jobs data. The expectation is for nonfarm payrolls to have increased by 700,000 in June. That would represent the biggest gain in three months. Currently there is an clear disparity between European and Asian market performance. European stocks are close to record highs spurred by vaccine optimism…

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