UK Stock-Market

• The UK stock-market ended the week lower. The market tumbled on Tuesday after official UK jobs data released by the ONS shows that the number of payrolled employees decreased by 0.2% in March 2021, equivalent to 56,000 people. That was unexpected and the first dip in four months.
• On Wednesday, and through the rest of week, stocks bounced back after UK CPI data came in slightly lower than expected.
• The European Central Bank kept interest rates and purchase program unchanged. In a statement the ECB said “the Governing Council decided to reconfirm its very accommodative monetary policy stance”.
• Investors are watching earnings reports and looking for clues of strong recovery while weighing the results against rising global coronavirus infections. The previous week the World Health Organisation warned that the rate of infection was approaching its highest rate ever with new cases per week doubling over the last two months.
• Our Breadth indicator stayed positive and our Momentum Indicator, ticked higher again.

UK Market 23rd April 2021
US Stock-Market

• The US stock-market was flat last week. The ongoing surge in global coronavirus cases and renewed concerns over economic growth set the markets back sharply early in the week. Growing tensions between Washington and Moscow also played a part.
• The week was also a big one for earnings with major companies reporting. Netflix fell 9% after it reported lower-than-expected earnings.
• US stocks sold off on Thursday on reports that President Joe Biden was planning to double the rate of capital gains tax for wealthy individuals to fund social spending in his American Families Plan.
• Our Breadth indicator stayed positive and our Momentum Indicator ticked higher.

US Market 23rd April 2021
The Big Picture 23rd April 2021
Market Sentiment 23rd April 2021
U.S. Risk Barometer 23rd April 2021
Europe Risk Barometer 23rd April 2021
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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.’