The UK stock market has taken a moment of reflection after all the whirlwind of the past few weeks where equities bounced back hard on vaccine hopes, a strong oil price and some relief with how the US Presidential transition might play out, says Russ Mould, investment director at AJ Bell.
“The FTSE 100 was unmoved at 6,390 on Thursday with gains in consumer non-cyclicals, healthcare and technology being offset by weakness in utilities, energy and real estate. There were some big names trading without the rights to their next dividend, including Imperial Brands and National Grid.
“Germany’s Dax index nudged up 0.1% with real estate and tech stocks leading the way. The biggest riser was SAP, up 1.6%.
“The pound slipped 0.1% against the US dollar to $1.3372 while Brent Crude oil fell 1.1% to $48.32 per barrel.”