Weekly Market Review from Realm Investment Management. Week ending 12th November 2021.
Data showed that the British economy grew less than expected in the third quarter. UK GDP growth came in at 1.3%, below 1.5% as forecasted by the Bank of England. The Pound fell on Friday to its lowest level against the US Dollar since December last year.
In the US, the consumer price index (CPI) rose nearly 1% in October, well above expectations of 0.6%. Annual Inflation jumped to 6.2%, the highest since 1990. Stocks sold off through Wednesday but managed to stage a recovery to end the week.
The price of oil fell for the third week but Gold and Silver continued the rally that began in October.
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.’