Weekly Market View from Realm Investment Management. Week ending 19th November 2021.
Annual inflation in the UK reached 4.2%, the highest level in nearly a decade. That data puts more pressure on the Bank of England to raise interest rates next month. BoE Governor Andrew Bailey said he was “very uneasy about the inflation situation.”
In Europe, Christine Legarde, President of the ECB, reiterated that inflation was not a permanent feature suggesting that the ECB would not “rush into premature tightening” of its monetary policy.
In the US, investors were weighing inflation worries against a strong third quarter earnings season with the positives winning out as indices closed higher for the week with Growth stocks once again out-performing Value stocks. The price of oil set back and energy stocks under-performed.
The Big Picture 19th November 2021
Market Sentiment 19th November 2021
Europe Risk Barometer 19th November 2021
U.S. Risk Barometer 19th November 2021
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