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Markets in good mood ahead of Easter

by LLB Editor
9th Apr 20 9:57 am

Investors have been treated to a decent pick-up in markets just as the nation prepares to start what might be the most frustrating Easter weekend ever. Clear skies and nowhere to go.

Leisure stocks continue to rally as the market seemingly takes the view they’ve been oversold. Interestingly, banks are also shooting upwards despite investors being denied dividends from this sector near-term.

European and Asian markets also moved higher, so did the Brent Crude oil price which advanced 3.1% to $33.86 per barrel.

“More clarity from companies is helping to improve investor sentiment with businesses updating on the state of their finances and how trading has been hit. The news is generally miserable but at least it is removing some of the uncertainty over how earnings will be hit,” says Russ Mould, investment director at AJ Bell.

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