UK and European stocks are higher this morning after Wall Street’s bounce and US President Joe Biden declared a new goal of 200 million coronavirus vaccinations before he completes 100 days in office.
Data released earlier today from the Office for National Statistics, showed UK retail sales were up a little in February, rising 2.1%. Jonathan Athow of the ONS, said “despite national restrictions, retail sales partially recovered from the hit they took in January”.
US data yesterday showed that unemployment claims dropped more-than-expected to the lowest level since the start of the Coronavirus pandemic. Initial jobless claims fell by 97,000 to 684,000. US stocks bounced back strongly during Thursday’s session to finish the day with gains.
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