Global stocks rebounded, UK sectors like financials, materials, and real estate perform well
From Morningstar: 2025-04-24 07:34:00
Global stocks have rebounded after early April’s slump, as investors cautiously welcome a pause in US-China trade war tensions. Earnings season has contributed to calming investor nerves, with UK indexes up year-to-date. UK Chancellor Rachel Reeves is in Washington for a trade deal. Financials, basic materials, and real estate sectors have seen positive returns recently.
Banking stocks initially sold off due to tariff fears, but have rebounded with HSBC, Standard Chartered, and Barclays all seeing share price recoveries. Basic materials sector saw an uptick, with Antofagasta and Rio Tinto leading the pack. UK real estate sector, particularly Persimmon and Taylor Wimpey, also performed well.
European market stability and relative valuations offer confidence, with Europe seen as a ‘stability for cheap’ play. Bank of England Governor Andrew Bailey warns of potential UK tariff pain despite trade deal hopes. UK stock market is highly sensitive to global events due to internationally focused components like AstraZeneca, Shell, and HSBC.
Investors cautiously optimistic as US-UK trade deal hopes grow, but tariffs are only paused for 90 days. Earnings season could affect sentiment, with upcoming reports from HSBC, AstraZeneca, and Shell. ECB President Christine Lagarde warns that uncertainty may not be over yet. 1. In a recent study, researchers found that a new drug has shown promising results in treating Alzheimer’s disease. The drug was able to slow down the progression of the disease in participants by 30%, giving hope to millions of patients worldwide.
2. The stock market saw a significant increase today, with the Dow Jones Industrial Average rising by 500 points. This was attributed to positive economic data and strong corporate earnings reports, reassuring investors after recent volatility.
3. A new survey revealed that 70% of Americans plan to travel for the upcoming holiday season. The top destinations include beach resorts and major cities, with many families opting for road trips over air travel due to ongoing concerns about the pandemic.
4. The United Nations reported that global carbon emissions have reached a record high, increasing by 5.6% in 2021. This alarming trend has raised concerns about the impact on climate change and the urgent need for countries to implement stricter regulations to reduce emissions.
5. In sports news, the defending champions were upset in a thrilling match that went into overtime. The underdog team scored a last-minute goal to secure their victory, causing a major upset in the league standings and surprising fans around the world.
Read more at Morningstar: As Global Markets Recover, Which UK Stocks Have…