PRESS ROOM
US equities look beyond near term challenges to remain positive
Wednesday 13th January '21
Equity markets have started the new year on a positive note continuing to build on their momentum from last year. US equities, in particular, have largely brushed aside political unrest in the US and rising covid cases in many countries. Equities continue to price in a positive outlook for the year pinning hopes on a vaccine-led recovery. Risk assets have found further buoyancy from expectations of a potentially larger US fiscal stimulus now that Democrats have control in both houses of the Congress as well the White House. In terms of sectors, energy is leading the way so far in January within the S&P 500 Index in line with the recent strength in oil prices.