Quotes from the news wire:
Found on CNN 2 years ago
I have seen nothing in this week’s price action to change my view that ultimately the economic prospects in the short to medium term look fairly positive, though events in India could derail any global recovery, particularly if COVID variants migrate out of India, companies are generating fairly decent profits, they are taking people on. The big question is whether the current rebound is sustainable in the short to medium term, but it does look that way.
In the space of a few days we appear to have swung full circle; with investors seemingly convinced that the problems in the Middle East appear to have settled down, at least for the time being, investors now have the opportunity to focus on the signing of the new U.S.-China phase one trade deal next week, as well as the health of the U.S. economy today, and in particular the labor market which has continued to look resilient.
Continued expectation of easier central bank policy has helped underpin equity markets after a turbulent few months, investors are veering between confidence that the U.S. economy is still performing well enough to withstand a rate rise, to an expectation that if it's not, the Fed will remain on hold.
The main speculation now is likely to be around the flavour of any ECB action at Thursday's meeting, european markets have started a new week on the front foot increasingly confident that the ECB will announce a bond buying program. This is being reflected in early trading by new record lows in European yields and fresh all-time highs in the German DAX.
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