Market overview – Alan McIntosh, Chief Investment Strategist
Markets finished last week relatively unchanged after a couple of ups and downs, suggesting we are in the eye of the storm as companies begin to release their quarterly earnings for Q1. The US dollar continued its slight fall in value against other major currencies. Meanwhile the FTSE 100 was the only major index to fall by any significance at -1.2%. Despite breaking even for the week, US equities reacted negatively to news from President Joe Biden of a possible capital gains tax hike to be used for his Families Plan, although this is expected to be formally proposed in the coming days.