Fish Financial’s Weekly Market Commentary 2nd July 2021
Did you know…? Fish Financial produces a compact Weekly Market Commentary every Friday evening, with a one page summary of the key financial market news of the week – and what to look out for in the coming days and weeks. Here’s the introduction of the Friday 2nd July 2021 issue:
FINANCIAL MARKETS MAY HAVE RECOVERED BUT IT WILL TAKE LONGER FOR LIFE TO GET BACK TO NORMAL
This week we marked the halfway point of 2021, a year we hoped would bring a return to normal but has so far failed to live up to expectations. While much of the UK has its hopes pinned on final restrictions being removed in late July, 30,000 daily COVID cases currently might force a rethink. Markets have at least managed to return to a sense of normality, with both the UK stock market and the UK government bond market almost exactly back to where they were in January 2020. The pandemic has provided a wild ride, but for many investors they’re now in the same position they were before the outbreak; hopefully the same will be true for other aspects of life soon enough.
Elsewhere, confusion around travel this summer remains. While the government is keen to let double vaccinated Brits leave on holiday, so far very few countries are willing to let us in. A row over the EU COVID passport scheme looks set to add yet more red tape to European travel, while the Delta variant is testing many of the countries less advanced in their vaccination programmes.
You can download the full Weekly Market Commentary here.
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