7th Jul 2020. 10.21am
UK Sector Snapshot
With the FTSE retreating from the top of its range, key sector themes remain thin on the ground. However, there are signs that underlying risk appetite is improving…
The defensive Utilities sector has weakened considerably in recent sessions while the ‘risk on’ Banking and Housebuilding & Construction sectors have started to show signs of strength – the former due to a rebound in Asian focused banks (HSBC and Standard Chartered) and the latter rallying on rumours that Chancellor Rishi Sunak will announce a stamp duty holiday.
Metals & Mining continue to hold near highs while Oil & Gas and Pharma continue to lag the market.
This research is prepared for general information only and should not be construed as any form of investment advice.