Stocks advance as UK PMI Manufacturing rises to 10 year high

Data released today shows that UK Manufacturing PMI (Purchasing Managers' Index) rose to 58.9 in March, the highest level in more than 10 years.

Stocks advance as UK PMI Manufacturing rises to 10 year high

Share on facebook
Share on twitter
Share on linkedin

Data released today shows that UK Manufacturing PMI (Purchasing Managers’ Index) rose to 58.9 in March, the highest level in more than 10 years.

Euro zone manufacturing PMI came in at 62.5 for March, up from 57.9 in February, meaning manufacturing grew at its fastest pace on record

In the US, Joe Biden revealed the first part of his new recovery package on Wednesday, a $2 trillion infrastructure plan. The President, speaking in Pittsburgh, said it will create “the strongest, most resilient, innovative economy in the world”.

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.’

Download Our Free Brochure