INVESTMENT INSIGHT: Equities pause after strong week, Bitcoin tumbles
By Opinion
By Neil Wilson
European markets were in a holding pattern early on Monday as investors parsed signals of recovery, vaccine rollouts, surging case loads and tougher lockdowns. The FTSE 100 eased back by around half of a percent, trading around the 6,840 level whilst the Dax traded under 14k.
It was a strong run-up last week so we are likely just seeing a little pause for breath.
Democrat calls to impeach Donald Trump with less than 10 days of his presidency to run have hit a wall of Republican resistance.
Markets will be more focused on the Biden presidency and what kind of infrastructure and green deal spending is coming over the hill, as well the potential for tax rises and tougher regulation on industry like shale and big tech.
Mon, 11 January 2021 | Written By: Neil Wilson
Neil is chief market analyst for Markets.com and also writes for the Investors Chronicle as ‘The Trader’, with the daily market outlook published online each morning.
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European markets were in a holding pattern early on Monday as investors parsed signals of recovery, vaccine rollouts, surging caseloads and tougher lockdowns. The FTSE 100 eased back by around half of a percent, trading around the 6,840 level whilst the Dax traded under 14k. It was a strong run-up last week so we are likely just seeing a little pause for breath.
Fri, 8 January 2021 | Written By: Neil Wilson
Neil is chief market analyst for Markets.com and also writes for the Investors Chronicle as ‘The Trader’, with the daily market outlook published online each morning.
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The S&P 500 has risen over 1% this week to make a fresh record high, closing above 3,800 for the first time in its history. Ebullience is a factor of the hope in vaccines leading to a return to normal, corporate earnings improving sharply in 2021, and a broadly expansionary fiscal and monetary environment offering succour to equity valuations. So we come into earnings season with markets in overall good shape, arguably looking a bit toppy and expensive as multiples are stretched and vaccines are yet to deliver the bounce back hoped for. Payroll numbers on Friday (-140k) highlight the problem facing the US economy in terms of l
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