Weekly Roundup
This week’s FTSE 100 performance has been rather muted, down -2%. Retail sales performed worse than expected, and despite volumes rising 0.3% month-on-month in December this has not offset the 4.1% fall seen in November.
Sterling was up to a near three-year high as vaccine news provides optimism for investors. The stronger pound often acts as a drag on the FTSE 100.
The US markets have been boosted by President Joe Biden’s inauguration, welcoming a proposed $1.9tn stimulus bill. Both the S&P 500 and the Nasdaq Composite have hit all-time highs this week.
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