Jan 19, 2021 7:00:00 AM | LGT Navigator
LGT Navigator: Market sentiment remains cautiously optimistic – focus on earnings and Biden's inauguration
On European stock markets, investor caution prevailed in the face of a lack of impetus from Wall Street and fears that the increased corona restrictions could wipe out the economic recovery. By contrast, stronger than expected economic growth in China and the prospect of a further stimulus package from the new Biden administration are providing support. Overall, stock market sentiment remains cautiously optimistic. The capital markets are now focusing on the upcoming corporate results and are looking with bated breath at the swearing-in of US President-elect Joe Biden on Wednesday.