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Global shares climb on China’s economic recovery, with earnings in focus | Malay Mail

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SYDNEY, Jan 19 — Asian shares climbed today as investors wagered China’s economic strength would help underpin growth in the region, even as pandemic lockdowns threatened to lengthen the road to recovery in the West. Data out yesterday had confirmed the world’s second-largest economy was one...

Tuesday, 19 Jan 2021 03:38 PM MYT

European markets appeared set for a higher open with Euro Stoxx 50 futures up 0.5 per cent and London’s FTSE gaining 0.4 per cent. Those of Germany’s DAX rose 0.64 per cent. Chinese blue-chips dipped 1.47 per cent, while Hong Kong’s Hang Seng advanced 2.1 per cent, helped by steady and robust demand from investors in mainland China for shares in the Asian financial hub.

“The projected EPS growth in Europe now stands at the lows of the crisis which seems too conservative, and could likely lead to positive surprises over the reporting season,” they wrote in a note. “Biden will not want the risk of a double-dip recession to escalate,” said analysts at ANZ in a note.

 

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