Equities were firm on Tuesday as investors paused for breath after yesterday’s excitement from Moderna’s vaccine news. The FTSE 100 was flat at 6,418 and there was also minimal change in the main indices in France and Germany,” says Russ Mould, investment director at AJ Bell.
“Asian markets had their first chance to react to Moderna’s Covid-19 breakthrough, but gains were relatively subdued. Hong Kong’s Hang Seng nudged up 0.1% while Japan’s Nikkei 225 traded 0.4% higher.
“On the UK market, investors continued to flock to cyclical stocks which have been in fashion for several weeks amid expectations for them to benefit from economic recovery.
“Travel-related stocks eased back, perhaps as investors took profits following recent gains and following EasyJet’s gloomy outlook where it didn’t feel confident enough giving earnings guidance for 2021. SSP, WH Smith, TUI, Carnival and Trainline were all weak.”
Leave a Comment