UK stocks did well yesterday, with the FTSE 100 closing +1.3%, especially energy stocks following reports of an OPEC+ agreement. The mood was also boosted by good PMI data for the country. The Governor of the Bank of England (BoE) Andrew Bailey warned not to overreact to an acceleration in inflation, which he believes should prove temporary as the British economy recovers.

The first half of the year has just ended. This is an opportunity to take a look at the performance of the various sectors over a six-month scope. The performance calculations are based on the MSCI ACWI (Gross Return) indices. This is the broadest index we could use to summarise past performance in global markets. The index includes nearly 3,000 companies from around the world: 23 developed markets and 27 emerging markets.

Source: Weight by index sector - Marketscreener with MSCI ACWI Sectors data (Gross Return)

 

Source: Performance by sector - Marketscreener with MSCI ACWI Sectors data 

Things to read:

https://www.ft.com/content/e36703d6-dc98-43de-92bb-5cf59b06883f

https://www.wsj.com/articles/robinhood-ipo-filing-shows-power-of-the-meme-stock-boom-11625163113?mod=hp_lead_pos7

https://www.bloomberg.com/news/articles/2021-07-02/london-edges-back-ahead-of-amsterdam-as-europe-s-top-trading-hub