8th January 2021

8th January 2021 header image

Weekly Roundup

 The FTSE 100 performed well in the first trading week of 2021 climbing nearly 400 points (+6%) from Monday open to Friday mid-morning.

Oil companies have been a key part of this growth with Shell and BP benefiting from Saudi Arabia announcing they will cut output by 1 million barrels per day throughout February and March.

Banks have also rallied this week as Treasury yields have started to increase, with Standard Chartered one of the best performing stock in the FTSE 100.

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