Market view week ending 5th November 2021

Market view week ending 5th November 2021

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In a surprise development, the Bank of England left monetary policy unchanged last week but indicated interest rates will probably have to rise in coming months. The Pound fell and stocks rose

The US Federal Reserve announced its tapering plans after Wednesday’s policy meeting. The Fed will reduce its bond purchases by $15 billion this month and next. This was widely expected and taken well by the markets as it leaves the Fed with room to manoeuvre and make adjustments depending on economic indications.

The central bank indicated there was no rush to raise rates and reaffirmed its belief that inflationary pressure will be transitory.

Very late on Friday, Joe Biden’s $1.2 trillion infrastructure plan was given Congress approval in what the President described as a “monumental step forward”.

At the start of this week investors were digesting data from China which indicated Chinese exports rose 27.1% over the last year, much better than expectations.

 

UK Market 5th November 2021

 

US Market 5th November 2021

 

The Big Picture 5th November 2021

 

Market Sentiment 5th November 2021

 

U.S. Risk Barometer 5th October 2021

 

Europe Risk Barometer 5th November 2021

 

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.’

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