Stocks holding gains today after positive week

Stocks holding gains today after positive week

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UK and European stocks are higher this morning extending last week’s gains, although potential negatives are being monitored by investors. These include the spread of the South Africa coronavirus variant and reports that Astrazeneca’s vaccine showed limited efficacy against mild disease caused by it.

Market sentiment was lifted last week by the expectation that US President Jow Biden will soon deliver on his $1.9 trillion stimulus package. The Senate and the House both passed a budget resolution on Friday that will allow the proposal to be passed in the Senate on a simple majority.

Earnings will be in focus again this week with major companies reporting including Twitter, Uber, Coca-Cola and Disney.

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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