News – USA – StockBeat: UK Re-opening games rise again in the hope of a return to normal through Investmentcom

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Investierencom – UK Shares benefit from government vaccination policies after Prime Minister Boris Johnson became the first leader in Europe to set a clear timetable for returning to normal after a second winter of lockdowns

The UK-focused FTSE 250 index was by far the best performing index in Europe on Tuesday, rising nearly 1% by mid-morning in London, thanks to strong gains in all types of stocks driven by the reopening of stores and the return of Commuters Might Benefit To Their Offices The FTSE 100, meanwhile, performed the best of the larger boards as continued strength in mining and commodity stocks limited its losses to 0.2%

In contrast, most European markets were significantly lower as the growing discussion about the return of inflation caused investors to take money off the table, especially in stocks that were the top winners on the German Tech Dax was down 2.9% while the OMX Copenhagen 20 also fell more than 2% as money flowed from Vestas Wind Systems (OTC: VWDRY) and jeweler Pandora (OTC: PANDY)

The main trigger for the move was a televised speech by Johnson late Monday promising a “cautious and irreversible” four-phase exit from the lockdown, aimed at removing any significant restrictions on social and business life by early July to repeal

The global audience might wonder if the words of a man who has already told countless verifiable untruths – mainly, but not exclusively, about Brexit – can still get people to invest real money in markets (except as the opposite indicator) This time around, however, Johnson has the facts on his side: the number of deaths from Covid-19 averages less than 500 per day for the first time this year, while the number of new infections has fallen by around 80% from the high in January, almost 18 Millions of people have already received their first vaccination – more than a third of the adult population – and the new data released over the weekend provided concrete evidence that the decision to increase the time between the two required injections had also slowed the transmission of the disease as relief from the pressure on a stretched hospital system After a year of sometimes spectacular mismanagement, London seems to have found a recipe for success

Reopening is even more important for the UK Economy than for many others, given the intensity of services in its GDP The blow on services is one reason UK GDP fell more sharply than last year in Germany, for example. If the European economy returns to the mean, the numbers will flatter Great Britain Hammerson (LON: HMSO) or British Land (LON: BLND) or the companies whose food and news outlets dominate the country’s train and bus stops, such as the SSP Group (OTC: SSPPF) and WH Smith (LON: SMWH) It was these midcaps that led the charges on Tuesday, along with other high street names like the fast food joint Greggs (LON: GRG) and transportation-themed stocks like Trainline and hotel owner Whitbread (LON: WTB)

Such stocks are safer short-term winners than those that depend on the resurgence of international travel and tourism. EasyJet (LON: EZJ) rose a noticeable 10% after it was revealed that bookings rose 300% in the wake of Johnson’s speech were However, this is a pitifully low base, and international tourism requires the cooperation of other countries, especially in Europe, whose reopening plans are way behind the U.K’s – so far as to cast real doubts about how open they will be by the summer

Even so, EasyJet’s on-the-fly proposition has lifted the entire travel and tourism sector, with big gains in everything from Jet2 (LON: JET2) to Rolls Royce (LON: RR), whose maintenance revenue prospects improve with every additional hour that airlines offer use its engines

There remains a nasty reverse story on both a small and a large scale: at the macro level UK Equities remain the largest underweight in Bank of America’s weekly surveys of international fund managers due to Brexit and cyclical issues, and on a company-specific level, the biggest gains are likely to be in stocks that have been hardest hit so far, such as cinema owner Cineworld, but for those who Not needing the excitement of a high beta, the country’s banks and money managers remain likely the safer choice

NEW YORK (Reuters) – Thomson Reuters (NYSE: TRI) Corp reported higher fourth-quarter revenue Tuesday and announced it would launch a two-year program that will change it from a

(Reuters) – Macy’s Inc (NYSE: M) forecast 2021 sales well above Wall Street estimates as they bet on vaccines to bring customers back to their department

(Reuters) – Futures, which track the tech-heavy Nasdaq index, indicated a loss of more than 1% on Tuesday’s open as investors sold soaring tech stocks on valuation grounds

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News – USA – StockBeat: UK Re-opening games rise again in the hope of a return to normal through Investmentcom

Source: https://www.investing.com/news/stock-market-news/stockbeat-uk-reopening-plays-surge-again-on-hopes-for-return-of-normality-2426472