Stocks flat at start of the week

Stocks flat at start of the week

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UK and European stocks are flat this morning at the start of a week that will see Joe Biden sworn in as the 46th president of the United States. All fifty US states are on alert after the FBI warned of armed protests. The US stock-market is closed today for Martin Luther King, Jr. Day.

Markets were generally lower last week despite the $1.9 trillion American Rescue Plan unveiled by Joe Biden. Increasing concerns about global economic recovery seemed to outweigh any boost from the long-awaited stimulus package announcement.

Data from China showed that its GDP beat expectations, expanding 2.3% over the last year and making it the only major economy that didn’t contract over that period.

The UK is expanding its vaccine rollout efforts. As of today, the vaccine will be offered to anyone over 70.

Over the weekend, a deal between the owners of Fiat-Chrysler and Peugot was finalised, creating the fourth largest car manufacturer 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.’

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