Markets flat after strong rise so far this month

Markets flat after strong rise so far this month 150 150 Realm

After a strong rise this month markets were flat to slightly lower on Wednesday. Major Asian markets were closed for holidays. Investors will be taking on board comments from US Fed Chairman Jerome Powell who said Wednesday that the central bank will be “patiently accommodative” and that employment is “a long way” from where it needs to be. The Fed…

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Markets flat after strong rise so far this month

Markets flat after strong rise so far this month 150 150 Realm

After a strong rise this month markets were flat to slightly lower on Wednesday. Major Asian markets were closed for holidays. Investors will be taking on board comments from US Fed Chairman Jerome Powell who said Wednesday that the central bank will be “patiently accommodative” and that employment is “a long way” from where it needs to be. The Fed…

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Earnings in focus

Earnings in focus 150 150 Realm

UK and European markets are generally higher this morning. In the short-term investors are focused on earnings reports. Twitter and Cisco beat estimates on Tuesday and in Europe today a number of major companies are reporting.. In the US, details of President Joe Biden’s proposed stimulus package were announced that includes $1,400 direct payments to Americans. Progress of the bill…

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UK and European stocks flat today

UK and European stocks flat today 150 150 Realm

UK and European stocks are flat this morning. Global markets were generally higher on Monday with positive sentiment fuelled by vaccination optimism, hopes that a new round of US economic stimulus will be forthcoming and strong earnings. More major companies are reporting today including Twitter. The EU has reached a deal with Pfizer and BioNTech for 300 million additional doses…

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Weekly Market View through 5th February 2021

Weekly Market View through 5th February 2021 150 150 Realm

UK Stock-Market The UK stock-market was higher this week, recovering some of the previous week’s losses. Markets remain focused on coronavirus news and any indications of economic recovery. Markit PMI for UK manufacturing was revised higher to 54.1 for January but this is still below December’s number and indicates that the sector slowed significantly at the start of the year.…

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Stocks holding gains today after positive week

Stocks holding gains today after positive week 150 150 Realm

UK and European stocks are higher this morning extending last week’s gains, although potential negatives are being monitored by investors. These include the spread of the South Africa coronavirus variant and reports that Astrazeneca’s vaccine showed limited efficacy against mild disease caused by it. Market sentiment was lifted last week by the expectation that US President Jow Biden will soon…

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UK and European stocks higher again today

UK and European stocks higher again today 150 150 Realm

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…

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Stocks up again this morning with earnings in focus

Stocks up again this morning with earnings in focus 150 150 Realm

Deutsche Bank reported this morning and beat expectations. Royal Dutch Shell reported a sharp drop in profits. More majors reporting today. Investors will also be monitoring the latest policy decision from the Bank of England and US jobless claims later today. Italian stocks have received a boost this morning after Mario Draghi accepted the mandate to form a new government…

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Stocks higher today as February rally continues

Stocks higher today as February rally continues 150 150 Realm

UK and European markets are higher this morning extending this week’s rally as investors focus on earnings in Europe and US. Major companies reporting today include Voadafone and GlaxoSmithkline. Strong earnings reports on Tuesday from Alphabet (Google) and Amazon that both roared past estimates although the market was more than surprised at the announcement that Jeff Bezos was stepping down…

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February starts well with stocks higher again this morning

February starts well with stocks higher again this morning 150 150 Realm

Markets remain focused on coronavirus news and any indications of economic recovery. Market sentiment has been positive at the start of this week in contrast to last week and stocks are higher again this morning. A potential problem could be the speculative activity of retail traders buying heavily shorted stocks and squeezing hedge funds. The latest target appears to be…

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