Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

22nd Apr 2021. 2.14pm

Regency View:

UK Sector Snapshot

This month we have started to see a rotation out of aggressive sectors and into defensive sectors as concerns over the global recovery increase.

This sector rotation is to be expected given the sky-high valuations that we’re seeing in the US.

Banking stocks have fallen away with the drop in US 10-Yr treasury yields that we’ve seen during the last month. Oil & Gas stocks have also underperformed as the number of global Covid-19 cases have risen in recent weeks.

In contrast, we’re seeing a strong performance from Pharma stocks, Consumer Defensive and Utilities – signalling a rise in risk aversion among UK investors.

FTSE 100 Key Sector Snapshot

FTSE 100 Key Sector Snapshot

Disclaimer:

This research is prepared for general information only and should not be construed as any form of investment advice.