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Global ETFs Strengthen as Investors Look to the Recovery, Earnings July 12, 2021 Global markets and stock exchange traded funds pushed to a new record on Monday as investors gauged the economic recovery outlook against the spreading coronavirus Delta variant and looked toward the upcoming earnings season. The earnings season is poised to kick off this week. The equity markets have risen sharply over the past year on expectations that corporate profits would rebound once the pandemic ends. Without strong corporate profits, it will be harder to justify these lofty stock prices and record market valuations. Meanwhile, investors are also watching the Covid-19 Delta variant after the spread of new infections. On Monday, the World Health Organization warned that the infectious Delta variant was growing dominant, and many countries don’t have enough vaccine doses to protect their health workers.

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