Monday saw gains in global markets led by technology stocks, and UK and European stocks are edging higher today. US stock index futures are holding yesterday’s gains after US Fed officials attempted to allay investor’s ongoing concerns over inflation and interest rates. James Bullard, St. Louis Fed President said yesterday regarding changing monetary policy, “I don’t think we should do it when we’re still in the pandemic”.
Data released today from the UK Office for National Statistics (ONS) showed that the level of government borrowing fell in April as lockdown restrictions eased but remains elevated with borrowing at £31.7 billion last month.
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.’