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Stocks gain as upbeat earnings outweigh U.S.-China tensions

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Stock markets rose on Thursday as better-than-expected corporate earnings in Europe offset worries about rising cases of COVID-19 and a sharp escalation in tensions between the United States and China.

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville

China called the order an “unprecedented escalation” by Washington and warned it would be forced to respond.“You almost have a tug of war in markets between positives and negatives and it’s finally balanced. It looks like markets are pricing a V-shaped recovery so you can expect small negatives to have an outsize impact on markets,” said Justin Onuekwusi, portfolio manager at Legal & General Investment Management.

“The forces of liquidity are just unparalleled ... we’re seeing what happened post the GFC , but we’re seeing it on steroids,” said Kay Van-Petersen, global macro strategist at Saxo Capital Markets in Singapore.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Stocks gain as upbeat earnings outweigh U.S.-China tensions... And ignoring the fact that America has an idiot with mental disorders and cognitive decline running the country, a global pandemic, world wide unemployment and economic issues. Pump-N-Dump

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