Jan 18, 2021 7:00:00 AM | LGT Navigator
LGT Navigator: China's economy shines in corona year 2020
China's economy reported slightly stronger-than-expected economic growth for 2020, making it the only major economy not to have contracted in the corona year. Meanwhile, the latest economic data from the US showed a mixed picture. Thus, the start of the US corporate reporting season with solid quarterly results of the major banks failed to provide any real impetus. In addition, investors seem to have taken a more cautious stance due to today's holiday in the US in honor of Martin Luther King Jr. This week, further balance sheets of American blue chips and the inauguration of the new US President Joe Biden in Washington are likely to be the focus of market activity.