Global fund managers

US stimulus and spread of coronavirus remain in focus

US stimulus and spread of coronavirus remain in focus 150 150 Realm

Markets will stay focused on Joe Biden’s attempt to push through his $1.9 trillion stimulus package. There remains opposition from some Republicans. Investors are also closely monitoring the spread of the new coronavirus strains amid concerns that it might derail global recovery. The International Monetary Fund (IMF) is due to release an update and its economic projections this week will…

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Eurozone economic data shows contraction in January

Eurozone economic data shows contraction in January 150 150 Realm

Eurozone data released this morning shows that economic activity contracted markedly in January. Markit’s flash composite PMI fell to 47.5, from 49.1 previous month, reflecting the affect of further lockdown restrictions imposed across the region. On Thursday, the ECB kept interest rates unchanged but said it is ready to take further action if it is considered necessary. UK and European…

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Stocks higher after Biden inauguration

Stocks higher after Biden inauguration 150 150 Realm

UK and European stocks are edging higher this morning as investors try and digest what the new Biden administration will mean for markets. In his inaugural speech the new President called on Americans to come together and stated his intention to end the “uncivil war”. Boris Johnson said he looked forward to “strengthening the partnership between our countries.” Biden will…

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Stocks steady ahead of Biden inauguration

Stocks steady ahead of Biden inauguration 150 150 Realm

UK and European stocks are flat to higher this morning ahead of Joe Biden’s inauguration. Biden will become the 46th President of the United States today and his inauguration speech will be the first step in his attempt to bring Americans back together after the recent political and social upheaval. On Tuesday, Janet Yellen, nominee for Treasury Secretary, gave her…

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Yellen wants US government to act big

Yellen wants US government to act big 150 150 Realm

UK and European stocks are up this morning following Asian markets higher after strong data from China. Optimism over coronavirus vaccination programs is also lifting sentiment today. Investors are looking ahead to Janet Yellen’s confirmation hearing today as U.S. Treasury Secretary, and President-elect Joe Biden’s inauguration on Wednesday. Yellen is expected to say that the government must “act big” with…

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Weekly Market View through 15th January 2021

Weekly Market View through 15th January 2021 150 150 Realm

UK Stock-Market Better-than-expected trade data from China, the hope of further stimulus in the US from a Biden administration and the rollout of vaccination programs, kept sentiment elevated but the UK stock-market ended the week lower with investors weighing the positives against the rising number of coronavirus cases and tighter lockdown restrictions. Matt Hancock, UK Health Secretary, told Sky News…

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Stocks flat at start of the week

Stocks flat at start of the week 150 150 Realm

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…

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UK stocks lower after GDP data

UK stocks lower after GDP data 150 150 Realm

UK stocks are lower today after the ONS reported that the UK economy contracted by 2.6% in November. From Chancellor Rishi Sunak – “today’s figures highlight the scale of the challenge we face” In the US, Joe Biden, US President-elect revealed details of a major multi-trillion dollar American Rescue Plan. The package will support businesses and includes direct payments of…

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Stocks up on China data and US stimulus optimism

Stocks up on China data and US stimulus optimism 150 150 Realm

Better-then-expected trade data from China, the hope of further stimulus in the US from a Biden administration and the rollout of vaccination programs, is keeping sentiment elevated. UK and European stocks are higher this morning. Investors will be weighing these positives against the rising number of coronavirus cases and tighter lockdown restrictions. In the US, House members voted to impeach…

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Vaccine rollout and US impeachment vote in focus

Vaccine rollout and US impeachment vote in focus 150 150 Realm

UK and European stocks are flat this morning. Investors are monitoring developments as coronavirus vaccines are being rolled out globally. Matt Hancock, UK Health Secretary, told Sky News this morning that the UK is ‘on track’ to vaccinate the most vulnerable by the middle of next month. In Europe tighter restrictions have been imposed in several countries with lockdowns extended…

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