Cheerful

Published on 03-06-2020 13:30:00

Investors continue to find reasons to be cheerful today. But while the world opens up (Venice, anyone?), we remember that big changes are underway. Case in point: the FTSE 100 climbs, but a shake-up is on the cards today.

The mood is positive, although there’s continuing chaos in the US. And the country takes aim against its allies over digital taxes. But main rival China continues to be in the headlines: Indians have been removing Chinese apps, Boris vows to help those in Hong Kong, while Huawei 5G in the UK gets a cold war comparison.

Plenty of cheer for UK companies, however. Wizz Air reports double-digit profit growth. Goco Group shares are up 7% as customer activity returns to normal, and shares in UK defence contractor Chemring shoot up 24% as it gets US orders despite the crisis.

Environmentalists have some good news, too. Electric vehicles gain market share in Europe, while the National Grid goes coal free for the first time ever.

If any more evidence is needed that the world is changing, know that we’re all invited to a (virtual) Davos next year. The ’Zoom boom’ looks set to continue.

And as investors continue to look for more opportunities, Edison and Trust Associates invite you to the first in a series of webinars focusing on the issues facing investment trusts on 15 June – we hope to see you there.

Until tomorrow,

The Stream Team

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