Weekly Round Up
Ahead of the Easter break European equities headed higher as investors welcomed US President, Joe Biden’s $2tn infrastructure plan. The plan proposes to boost spending on transport, clean energy and technology research.
The pandemic situation has worsened in Europe with French President, Emmanuel Macron forced to announce another lockdown.
It came to light last Friday that a large hedge fund, Archegos Capital Management, was in serious difficulties leading to a fire sale of US securities. The losses are estimated to hit several banks including JP Morgan Chase, Credit Suisse, and Nomura in particular. The issue has raised serious concerns about excessive risk taking and systemic risk within the investment community.
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