📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

What Is The Road Out Of Lockdown 3.0?

Published 21/02/2021, 07:22

Investors will find out more about the path out of Lockdown 3.0 in the UK, while in the US the Dow Jones is still chasing fresh highs.


Monday is going to be a big one for the UK markets. It is the date when Boris Johnson’s government is set to reveal how the country will exit the current set of covid-19 restrictions in light of the successes of the vaccine rollout.

A lot of information is already out there, suggesting the easing will start with schools reopening on March 8th. That then is likely going to be followed by the reopening of non-essential shops in March or April, some holiday lets in April, pubs and restaurants in May and then, by the summer, staycations. Essentially, the country will be gradually moving down through the tier system put in place in the latter stages of 2020.

It’s all very vague, so what investors (and the nation) will want from Johnson is some firming up of the timeline. Though hard dates might be difficult to announce – every step is going to be contingent on Covid-19 case numbers continuing to fall.

Aside from the lockdown press conference, the UK is pretty quiet data-wise, with the exception of Tuesday’s jobs report. The claimant count change reading will be the most influential figure, covering the month of January, while the average earnings index and unemployment rate numbers will be for December.

In terms of corporate updates, it is another notable week for the FTSE 100 and FTSE 250. Monday has Primark-owner Associated British Foods PLC (LON:ABF), which finds itself in the fairly novel position of its food division outperforming its clothing brand.

Tuesday sees HSBC joined by Croda International PLC (LON:CRDA) and InterContinental Hotels Group PLC (LON:IHG), the latter of which is likely facing an ugly update.

The latest update from Lloyds (LON:LLOY) is on Wednesday, with a congested Thursday then including Anglo American (LON:AAL), BAE Systems (LON:BAES), Centrica (LON:CNA), Mondi (LON:MNDI) and Standard Chartered (LON:STAN). Things wrap up on Friday, finally, with Essentra PLC (LON:ESNT) and Rightmove PLC (LON:RMV).


As February comes to a close, the Dow Jones Industrial Average is still is in the running for a record high every time the bell rings on Wall Street.

But the markets are going to need to start seeing speedier stimulus updates if that momentum is to be maintained.

The latter stages of the week are expected to bring the floor vote in the House – and then it’s off to the Senate.

One of the big questions around the bill is the minimum wage, with a couple of Democrat senators opposed to raising it to $15 an hour. Given that just one lost vote would cause the bill to crumble via the budget conciliation method in the Senate, the markets would do well to keep an eye on how the issue is amended.

As for data, the CB consumer confidence number is on Tuesday, with new home sales on Wednesday.

Thursday has the 2nd look at Q4 GDP – which initial estimates showed at 4.0% at the annualised rate – alongside durable goods orders and jobless claims, while Friday sees the core PCE price index, personal spending, Chicago PMI and revised consumer sentiment readings.


The Eurozone has something to offer every day this week. Monday sees the German Ifo business climates numbers, Tuesday the region-wide final inflation figure for January, Wednesday the final German Q4 GDP reading, Thursday the German Gfk consumer climate data, and Friday the French Q4 GDP estimates.

"Disclaimer: Spreadex provides an execution only service and the comments above do not constitute (or should not be construed as constituting) investment advice or recommendations, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any person placing trades based on their interpretations of the above comments does so entirely at their own risk. Spreadex Ltd is a financial and sports spread betting and sports fixed odds betting firm, which specialises in the personal service and credit area. Founded in 1999, Spreadex is recognised as one of the longest established spread betting firms in the industry with a strong reputation for its high level of customer service and account management.

In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved."

Original Post

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.