Listen to our regular Investment Market Podcast
Thursday 4 February, 2021
The Omnis investment team which is exclusive to Thomas Oliver send a market update every week so our clients can keep up-to-date with market events that affect their investments.
If you live in London, Essex or Hertfordshire and want investment advice, please call our Thomas Oliver financial advisers on 01707 872000.
This episodes market overview:
Reddit traders spark a short squeeze and unnerve equity markets, with last week being the worst week for many stock markets since October 2020. Meanwhile, Europe’s vaccination row intensifies as the UK inoculation pace speeds up. In the US, Biden signs ‘Buy American’ Executive Order.
Stock markets down significantly last week
Stock markets were down significantly around the world, and for many stock markets it has been the worst week since October 2020. Reddit traders took on Wall Street giants last week, sparking a ‘short squeeze’.
Some positive economic data in Europe & UK
France, Spain and Germany all reported better than expected GDP for the fourth quarter of 2020, with only France’s economy contracting in the period. In the UK, figures show job losses slowed in November despite national lockdown.
Vaccination rates: Europe continues to lag; UK picking up pace
Vaccination rows in the EU intensify and the European Commission subsequently took action to block exports of the vaccine outside of the EU. However, in the UK over 13% of the population have now received at least one dose of a Covid-19 vaccination.
US: ‘Buy American’ EO, Fed’s monetary policy & Covid-19
Biden signs ‘Buy American’ Executive Order (EO), the Fed re-emphasises their commitment to lose monetary policy and the US rebound slowed in the fourth quarter of 2020 amidst rising Covid-19 cases.
The Week Ahead
- Bank of England to release information on rate path
- European Central Bank to issue monetary policy statement
- In the US, January unemployment data release
Call Thomas Oliver for Investment Planning advice
Vishal Gulrajani, Financial Adviser and Mortgage Specialist in Cheshunt and Goff’s Oak said:
‘All the financial advisers at Thomas Oliver hope that you find the weekly Omnis Investments podcast useful. It will keep you up to date with developments in the investment markets. Remember if you require investment planning advice or you are coming up to retirement and need pension advice or inheritance tax planning information it is worth contacting us. We can offer a free initial advice consultation, so you understand your investment choices. For more information, please call your Thomas Oliver financial consultant on 01707 872000.’