UK stocks have opened strongly today, following Wall Street higher. The US stock-market was open on Monday and equities rallied on the back of strong economic data, namely non-farm payroll numbers and US non-manufacturing PMI data, both of which came in much better than expected.
In Europe today, Swiss bank Credit Suisse has announced major staff departures after taking a $4.7 billion hit related to hedge fund Archegos Capital Management..
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.’