Mixed messages

26 November 2020

Chief Investment Officer Bernard Swords outlines how the markets were flat last week with positive economic data emerging from the US and China against a backdrop of choppy Brexit negotiations and a delayed US fiscal stimulus deal.

  • After a choppy period, markets were flat last week as Brexit negotiations see-saw and lockdowns in Europe become commonplace.
  • However, encouraging data came out of China and Q3 earnings season kicked off last week with many US banks reporting encouraging trends.
  • The rate of COVID 19 infections is on the rise again in Europe, impacting sentiment but there is cautious optimism on hopes of a vaccine from companies such as Pfizer and AstraZeneca.
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