Weekly Round Up
The FTSE 100 has remained muted this week (down -0.3%) as large supermajors including BP and Royal Dutch Shell both posted poor full year results, on the back of a broadly weaker oil price through 2020. In contrast, improved sentiment in the hospitality sector has seen several companies benefit as the UK’s vaccine roll out continues apace.
In the US, the Nasdaq and S&P 500 are at all-time highs with further stimulus anticipated from the new Biden administration.
Europe has seen five consecutive days of rising equity markets. This follows a series of solid earnings results helping to bolster the continent-wide Stoxx Europe 600 Index.
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