INSIGHTMOTORSPORTCONTACT
Prosperity Investment Management provides you with a weekly update from markets across the globe.
Shares in Europe slipped on concerns that a rising coronavirus caseload could slow the pace of the economic recovery - these fears overshadowed strong corporate earnings. Core eurozone bond yields ended the week roughly flat despite optimism about the vaccine rollout driving yields higher early in the week.
In the US, initial unemployment claims fell to the lowest level since the onset of the pandemic in March 2020, according to weekly data from the Department of Labor. The report showed that the labor market is continuing to improve, although weekly jobless claims remain well above pre-pandemic averages.
Chinese stocks rose steadily since Monday, when mainland equity markets received inflows totalling USD 2.5 billion from Hong Kong via Stock Connect, marking the third-largest single-day inflow from Hong Kong investors. In the bond market, the yield on China’s sovereign 10-year bond increased one basis point to 3.18%.
