With global lockdowns lifting, so is Friday’s tension. There’s a palpable sense of relief in the markets.
Associated British Foods (ABF), the owner of Primark, saw its share price jump 8% as it sinks in that shops really will reopen in a fortnight and, in a clear sign of the mood change, our research shows UK investors are shorting less. We also note that women-led hedge funds are outperforming male-led rivals.
Tech is boosting the mood too as 3D printing helps supply PPE, AI-powered COVID-19 fact-checking arrives and innovation makes life easier for deaf people – and everyone else in the process. Did you know that it’s now possible to land a plane with one button?
With all this tech-driven success, Boris seems to be pondering state aid for tech firms.
But with markets refusing to take the bait, now could be the right time for a concerted push with investor communications again.
Our teams are working with more clients than ever before, including Fidelity, HSBC and BlackRock. So, if you need some advocacy or a roadshow, please let us know soon as demand is increasing now the lockdown is easing.
The Stream Team