Mar 1, 2021 7:00:00 AM | LGT Navigator
LGT Navigator: Stock markets start the new month on a positive note
Nervousness on stock markets remains palpable, as rising yields on the bond market and fears that central banks will tighten monetary policy much sooner than previously anticipated continue to depress sentiment. On Friday however, statements from the ranks of the European Central Bank (ECB) had dampened growing inflation concerns. In addition, the US House of Representatives gave green light for the USD 1.9 trillion corona aid package. Furthermore, optimism about a quick containment of the corona pandemic thanks to new vaccines and ongoing vaccination campaigns provided relief. As a result, stock indices in Asia recorded a solid start to the week.