UK stocks follow Wall Street lower

UK and European stocks have opened slightly higher this morning after the US Federal Reserve delivered its latest and forecasts for the US economy.

UK stocks follow Wall Street lower

UK stocks have opened down this morning following US stocks lower. The sell-off on Wall Street yesterday was sparked by the US 10-year Treasury yield spiking above 1.75%, the first time it has reached that level since January last year.

The Bank of England left interest rates unchanged, at least until it sees “clear evidence that significant progress is being made in eliminating spare capacity and achieving the 2% inflation target sustainably.”

Europe has restarted the use of AstraZeneca’s vaccine after endorsement from the European Medicines Agency.

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.’

Download Our Free Brochure