{"id":1956,"date":"2020-05-06T10:17:43","date_gmt":"2020-05-06T10:17:43","guid":{"rendered":"http:\/\/www.wealthatwork.co.uk\/jpm\/?p=1956"},"modified":"2020-11-18T10:47:20","modified_gmt":"2020-11-18T10:47:20","slug":"market-update-6th-may-2020","status":"publish","type":"post","link":"https:\/\/www2.wealthatwork.co.uk\/jpm\/2020\/05\/06\/market-update-6th-may-2020\/","title":{"rendered":"Market Update \u2013 6th May 2020"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid\">\n<div class=\"wpb_column vc_column_container vc_col-sm-12\">\n<div class=\"vc_column-inner \">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_raw_code wpb_content_element wpb_raw_html\">\n<div class=\"wpb_wrapper\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/lmu-QWttLIk?rel=0&amp;wmode=transparent\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"vc_row wpb_row vc_row-fluid\">\n<div class=\"wpb_column vc_column_container vc_col-sm-12\">\n<div class=\"vc_column-inner \">\n<div class=\"wpb_wrapper\">\n<div class=\"wpb_text_column wpb_content_element \">\n<div class=\"wpb_wrapper\">\n<p>The FTSE-100 is little changed this morning at 5,850 after US equities closed off yesterday\u2019s highs in the final hour of trading.<\/p>\n<p>Although the Dow Jones closed up 133 points, or 0.56%, it had been up over 400 points earlier in the day \u2013 after initially being supported by news that the US is considering an extension of some China tariff exclusions despite Donald Trump\u2019s recent comments, gains were reduced after the Fed Vice Chair, Richard Clarida, warned that the US economy will need more government support.<\/p>\n<p>However, this warning should not have been a surprise.<\/p>\n<p>Firstly, the 30m Americans who have lost their jobs in the past six weeks clearly underscores the need for more stimulus \u2013 and to put that into perspective 30m is roughly the equivalent of the whole of the UK workforce!<\/p>\n<p>And secondly, Donald Trump has already promised more stimulus measures \u2013 it is believed that he is considering a number of proposals, although these will be predominately aimed at boosting economic growth, rather than solely supporting the economy, as he continues to push to ease restrictions and reopen the US economy.<\/p>\n<p>Elsewhere, medical progress to combat the infection continues at breakneck speed, with two US pharmaceutical companies announcing significant progress:\u00a0 Pfizer announced a vaccine trial is underway; while Regeneron said its antibody drug could be available within the next few months.\u00a0 This is great news and gives us a sense that we may soon be on the other side of this horrible coronavirus outbreak.<\/p>\n<p><strong>Investment Management Team<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n  <\/div> ","protected":false},"excerpt":{"rendered":"<p>The FTSE-100 is little changed this morning at 5,850 after US equities closed off yesterday\u2019s highs in the final hour of trading. Although the Dow Jones [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/1956"}],"collection":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/comments?post=1956"}],"version-history":[{"count":2,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/1956\/revisions"}],"predecessor-version":[{"id":2190,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/posts\/1956\/revisions\/2190"}],"wp:attachment":[{"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/media?parent=1956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/categories?post=1956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.wealthatwork.co.uk\/jpm\/wp-json\/wp\/v2\/tags?post=1956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}