Global fund managers

Stocks open lower today with focus on vaccine and China data

Stocks open lower today with focus on vaccine and China data 150 150 Realm

Stocks open lower as investors monitor vaccine developments and digest positive data from China which indicates that industrial profits grew at the quickest pace since 2017. EU officials are now able to get back to direct Brexit talks again following a quarantine period and negotiations with the UK will resume this weekend. The US stock-market resumes trading again today following…

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Stocks flat as investors digest warning from Chancellor and US unemployment data

Stocks flat as investors digest warning from Chancellor and US unemployment data 150 150 Realm

Stocks in the UK and Europe have opened flat this morning as investors consider disappointing US unemployment numbers. The data indicates that there were 778,000 initial jobless claims last week which was worse than economists were expecting. In his review on Wednesday, Chancellor Rishi Sunak introduced controversial spending cuts and warned that the UK economic emergency “has only just begun”.…

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Stocks open higher on calmer political situation in US

Stocks open higher on calmer political situation in US 150 150 Realm

UK and European stocks have opened higher this morning. Markets are cheered that the Trump Administration is beginning an orderly transition of power and that an effective coronavirus vaccine appears to be imminent. There are ongoing concerns about rising coronavirus case around the globe but investors appear optimistic that things will improve as the vaccines are made available. Joe Biden’s…

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Stocks higher on Yellen appointment by Biden

Stocks higher on Yellen appointment by Biden 150 150 Realm

Equity markets in the UK and Europe are higher this morning on news that Janet Yellen, former Chair of the US Federal Reserve, will be nominated as Treasury Secretary in Joe Biden’s administration and that the Trump administration has accepted Biden’s transition into office. Investors are also focused on the Brexit negotiations and pending economic data from Europe. Disclaimer:  ‘Where…

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MARKET VIEW w/e 20th November 2020

MARKET VIEW w/e 20th November 2020 981 980 Realm

UK Stock-Market There was strength early in the week on further positive coronavirus vaccine news with the FTSE 100 closing at its highest level since June. Signs of progress in Brexit negotiations and strong economic data from China and Japan also helped sentiment. Markets stalled on Tuesday as vaccine optimism faded a little and Christine Lagarde, President of the ECB…

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Markets higher this morning on vaccine optimism

Markets higher this morning on vaccine optimism 150 150 Realm

Optimism is high that coronavirus vaccine programs will begin rolling out before the end of the year. Following successful trials from Pfizer and Moderna, data from mid-stage trials by AstraZeneca and Oxford University indicated a strong immune response. Stocks in the UK and Europe have followed Asian markets and US futures higher this morning. On Friday, European ended a little…

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UK Stocks open flat after US futures fall

UK Stocks open flat after US futures fall 150 150 Realm

In the US, both sides have agreed to resume negotiations regarding the much-anticipated coronavirus stimulus bill but Treasury Secretary Steven Mnuchin delivered a blow on Thursday with a letter to Fed Chair Jerome Powell requesting that a number of emergency lending programs be allowed to expire at the end of December. This would effectively reduce the central bank’s ability to…

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Vaccine enthusiasm fades as shutdown concerns increase

Vaccine enthusiasm fades as shutdown concerns increase 150 150 Realm

Stocks are lower today as some of the enthusiasm over coronavirus vaccines starts to fade. There is also frustration over the delay in new US stimulus measures with Jamie Dimon of JP Morgan calling the behaviuor of US politicians “childish”. On Wednesday, UK and European stocks closed higher despite the ongoing surge in coronravirus cases across the globe, tensions regarding…

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Investors cautious as global coronavirus cases continue to rise

Investors cautious as global coronavirus cases continue to rise 150 150 Realm

The recent advance in markets on the back of positive coronavirus vaccine developments stalled on Tuesday. Christine Lagarde, President of the ECB said she was “not sure that it’s going to be a major game changer for our forecasts” and Jerome Powell, US Federal Reserve Chair, said the economy has a “long way to go”. In the Brexit talks, reports…

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Markets higher on Monday after further positive vaccine news

Markets higher on Monday after further positive vaccine news 150 150 Realm

On Monday, the FTSE 100 closed at its highest level since June and US markets reached new closing highs. Global markets were higher on further coronavirus vaccine optimism. US biotech firm Moderna announced that its experimental vaccine is more than 94% effective in preventing COVID-19. Following the Pfizer/BioNTech announcement last week this is another indication that an effective coronavirus vaccine…

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