MARKET VIEW w/e 24th April 2020

MARKET VIEW w/e 24th April 2020 981 980 Realm

The U.K. Stock market

  • The U.K. stock-market was lower this week with an extraordinary move in the price of oil into negative territory being the main focus.
  • The U.K. composite Purchasing Managers’ Index (PMI) fell to a record low in April as lockdown measures were extended whereas some countries in Europe are preparing to gradually ease some restrictions.
  • European markets were lower with ongoing divisions regarding the size of a recovery fund intended to offset the economic shock caused by the coronavirus and whether it should be in the form of grants or loans.
  • Both our Breadth indicator and our Momentum indicator stayed negative this week.

UK Market 24th April 2020

The U.S. Stock market

  • The U.S. stock-market was lower this week.
  • The main driver of sentiment was the price of oil which saw an unprecedented development as oil futures fell into negative territory. Futures recovered on Tuesday and equities were further helped by some positive earnings surprises.
  • The market set back again on Thursday on news that clinical trials of remdesivir, a potential treatment for COVID-19, had failed in China but the week managed to end on a strong note.
  • Our Breadth indicator stayed negative and our Momentum indicator ticked lower.

US Market 24th April 2020

The Big Picture 24th April 2020

Market Sentiment 24th April 2020

U.S. Risk Barometer 24th April 2020

Europe Risk Barometer 24th April 2020

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.