Weekly Market View from Realm Investment Management. Week ending 10th December 2021.
Equity markets bounced back last week following losses in the previous week with investors focusing on reports that indicated the Omicron variant of coronavirus may not be as big a threat as originally thought. The announcement of new restrictions by the UK government seemed to lower expectations of an increase in interest rates – that, and weaker-than-expected UK GDP data means investors are now anticipating that the Bank of England will leave monetary policy unchanged on Thursday.
At the start of this week, the UK stock market ended lower on Monday after Boris Johnson said the UK is facing a “tidal wave” of omicron infections.
In the US the Consumer Price Index rose 6.8% over the last twelve months in November, in line with expectations but the highest CPI reading in almost 40 years.
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