Stocks in the UK and Europe are bouncing strongly this morning following Asian markets and US futures higher. Equity markets fell last week as US Treasury yields rose sharply, reaching 1.6%, but have since dipped back below 1.4%, lifting global stock-markets.
Positive news over the weekend on the coronavirus vaccine front has also helped sentiment after Johnson & Johnson’s vaccine was recommended for people of eighteen and over.
In the UK, the FTSE 100 is up nearly 2% this morning after suffering its worst fall on Friday since October. Outside of concerns over interest rates and inflation UK investors will also be focused on Wednesday’s budget when Chancellor Rishi Sunak will “set out the next phase of the plan to tackle the virus and protect jobs”.
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