Weekly Roundup
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.
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