4th June 2021
European and US markets have seen another volatile trading week.
The US NASDAQ and S&P500 both saw a negative week down 1.3% and 0.2% at the close on Thursday, however recovery at the open on Friday, saw the NASDAQ gain +1.5% and S&P500 0.62% on the week.
Vaccine rollout remains successful in both the US and UK with 75% of adults now having received one dose and 50% fully vaccinated.
As the success of the programmes continues and industries begin to re-open, inflation remains the primary concern for investors amidst further central banks economic stimulus policies.
Several US tech stocks retreated on Thursday as President Biden announced a ban of investment into 59 Chinese defence and surveillance technology companies, including tech giant, Huawei -although these initial negative movements have seen a turnaround at the open on Friday, with the likes of Apple and Alphabet moving into positive weekly territory.
BP is the biggest riser in the FTSE100 in what has been a relatively flat trading week. The oil and gas giant sees a +5.2% rise as crude oil prices continue to rise.
B&M European Value Retail sees a -7.3% fall this week as the convenience retailer announced its anticipation for lower like-for-like revenue moving into fiscal year 2022.