Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Global stock markets have rallied to new all-time highs as investors anticipate a smooth presidential transition in the US, and effective vaccine rollouts in the coming months.
“With the economic data improving, a vaccine on the way, and Biden-led push for more stimulus on the horizon, there are plenty of reasons to be optimistic for the months ahead.”
A consistent barrage of positive news flow about vaccines, a failure for high frequency/real-time data to be dramatically impacted by the COVID restrictions, and a positive vibe towards Janet Yellen’s appointment as UST Secretary are all contributing towards the flow.
A smooth transition of power towards the Biden administration is also a catalyst.