The US inflation index is the highest since 1992; European markets hit a record; France in recession – as it happened | Business
âA relatively calm period for business and economic announcements represents a good opportunity to take stock of 2021 so far.
âIt’s been five months since investors fluctuated between optimism about the recovery, concern about the state of the Covid-19 pandemic and fears that the economy is overheating leading to skyrocketing inflation.
âA key feature has been the recovery in UK assets which, even before Covid hit, had vastly underperformed their major global counterparts since the Brexit vote in 2016.
âThe drivers of the renewed interest in UK stocks have been the successful rollout of vaccines and the accompanying reopening of the economy, as well as some encouraging rumors from the corporate world as companies update their transactions of the first trimester.
âThe pound is at its highest level in three years against the dollar at $ 1.42, while the FTSE 250 and FTSE Small Cap indices, which are more focused on the domestic market, outperformed both the FTSE 100 , more world-oriented, and some other major actions. markets around the world, including the technology-intensive Nasdaq index, which had previously been supercharged.
‘Sustaining this trend can come down to the battle between vaccines and variants and whether the UK can stick to a roadmap that would see nearly all coronavirus restrictions lifted in just over three weeks. “