Stocks are a bit firmer this morning after a mainly upbeat session on Wall Street and gains for the Nikkei overnight on continued Bank of Japan dovishness. The DAX added a quarter of a percent after easing back on Monday by 0.6%, whilst the FTSE 100 added a third of a percent to yesterday’s 0.5% rally.

The older order changeth, yielding place to new. God fulfils himself in many ways. And soon, I suppose, I shall be swept away by some vulgar little tumour. Oh, my boys, my boys, we're at the end of an age.

Britain’s economy contracted less than expected in January, but nevertheless showed the dire impact of lockdown on economic activity. The European Central Bank said it would speed up the pace of bond buying to lean against the rise in yields but didn’t provide an awful of clarity overall.

Although the JP 225 index rose to 38,141 points, it failed to hold above the resistance level. Investors await a speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium at the end of the week to obtain information on the possible timing of interest rate cuts.

Will stocks go down with a Biden win and Democrat clean sweep?  Joe Biden launched his $700bn economic plan by taking aim at Wall Street, banks, the stock market and shareholder capitalism in general. Based on polling data, the stock market will need to better reflect the chance of a Biden presidency combined with a Democrat clean sweep of the […]