Coronavirus Update

28th May 2021

Weekly Round Up

Global equity markets have seen small gains this week as investors reflect on the prospect of President Biden’s $6 trillion dollar stimulus package. This should see greater new investment in education, transport and climate change initiatives.  

Consequently, this week the Dow Jones and S&P 500 have seen slight gains of 0.37% and 0.5% respectively. The tech heavy NASDAQ has seen more of a significant weekly rise, 1.13%, as investors start to increase exposure following the first quarter tech sell-offs.

European markets remain at their highest levels with minimal movements this week. The FTSE 100 stays relatively unchanged on the week, remaining just above the 7000-point level.

 

RISERS

Shares in AVEVA Group see a weekly rise of 7.2%. The industrial software group reported a second-half recovery from pandemic disruption in the first six months of the year and raised its dividend.

FALLERS

Johnson Matthey falls 7% this week as the speciality chemicals company announced that pre-tax profits fell in 2021 on higher costs. However, the business expects further growth in its operation performance and confirmed a further increased final dividend.