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Markets lose momentum in second trading week of 2021

by LLB Editor
11th Jan 21 1:08 pm

After such a strong start to the year, sadly the positive momentum failed to extend into the second trading week with shares across Europe in the red, says AJ Bell investment director Russ Mould.

“The FTSE 100 fell 0.4% to 6,845, with miners, energy and consumer goods companies dragging down the index.

“The US dollar regained some strength, while the Brent Crude oil price fell 1.4% to $55.44 per barrel.

“After the euphoria of last week’s market movements, investors are now facing the realisation that Covid cases in the UK remain at elevated levels, while cases are also rising in places like Germany and China. The pace of the vaccine roll-out remains closely watched and any positive news on this front could put a spark back into equity markets.”

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