Stocks bounce back as interest rate concerns recede

Global market sentiment improved on Monday and stocks bounced back strongly after last week's losses. Concerns that the Fed will raise rates sooner than previously expected and start withdrawing stimulus seem to have receded.

Stocks bounce back as interest rate concerns recede

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Global market sentiment improved on Monday and stocks bounced back strongly after last week’s losses. Concerns that the Fed will raise rates sooner than previously expected and start withdrawing stimulus seem to have receded.

Investors will be monitoring US Fed Chair Jerome Powell’s testimony to Congress later today. He is likely to re-affirm the Fed’s stance that the recent spike in inflation will be transitory.

In the UK, data from the ONS shows that government borrowing fell to £24.3 billion in May, less than expected but still the second highest borrowing on record for the month of May.

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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