FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 5, 2021. REUTERS/Staff
Banks and energy stocks also climbed as a so-called “recovery trade” sparked demand for sectors that had underperformed the broader index following the coronavirus-driven crash in early 2020.Most European bourses were higher by 0846 GMT, while Asian shares hit record highs earlier in the day. [MKTS/GLOB]
“Markets remain target fixated on the Biden stimulus and vaccine rollouts as the magic panacea for the world’s pandemic ills,” said Jeffrey Halley, senior market analyst at OANDA. A recent Reuters poll found the euro zone economy was in a double-dip recession and that economists now expect GDP to contract 0.8% in the first quarter, reversing an earlier forecast for growth of 0.6%.
Stimulus is a given bets are now of the inflation variety, just saying
True and I bet that in the near future Bitcoin will pass 100K. World need change and people need freedom!