Stocks lower on 3rd wave fears

Stocks lower on 3rd wave fears 150 150 Realm

UK and European stocks are trading lower this morning. Market focus is on a third wave of coronavirus infections in Europe with Angela Merkel recommending a lockdown extension of four-weeks in Germany saying “we are now in a very, very serious situation”.

In the US, equities closed higher on Monday as the 10-yr Treasury yield eased back from its recent fourteen-month high. Treasury Secretary Janet Yellen and Federal Reserve chair Jerome Powell will both be speaking later today.
.

 

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.’