15th January 2021
Weekly Round up
The UK FTSE 100 has seen a decline of over -1% this week following a previously stronger week. Data from the Office of National Statistics (ONS) showed that the UK economy had shrunk by -2.6% in November following the UK's second lockdown.
President-elect Joe Biden has a $1.9 trillion dollar stimulus package set as his top priority once he takes office, providing support for the battered US economy.
The fiscal response to the pandemic has already been huge, providing a headwind to the strength of the US dollar.
Risers and Fallers
The Conygar Investment Company Plc is one of the market's biggest risers this week. The 11.52% weekly rise comes after Conygar announced that it has agreed terms with the InterContinental Hotels Group for its major development site in Nottingham.
Fresnillo Plc is the biggest faller in the FTSE100 this week. The gold and silver producer sees a 11.42% fall.