Stocks higher as market sentiment improves

UK and European stocks are higher this morning after Wall Street's bounce and US President Joe Biden declared a new goal of 200 million coronavirus vaccinations before he completes 100 days in office.

Stocks higher as market sentiment improves

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UK and European stocks are higher this morning after Wall Street’s bounce and US President Joe Biden declared a new goal of 200 million coronavirus vaccinations before he completes 100 days in office.

Data released earlier today from the Office for National Statistics, showed UK retail sales were up a little in February, rising 2.1%. Jonathan Athow of the ONS, said “despite national restrictions, retail sales partially recovered from the hit they took in January”.

US data yesterday showed that unemployment claims dropped more-than-expected to the lowest level since the start of the Coronavirus pandemic. Initial jobless claims fell by 97,000 to 684,000. US stocks bounced back strongly during Thursday’s session to finish the day with gains.

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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