PRESS ROOM
Positive momentum in US equities continues
Monday 20th July '20
US equities have continued to make strong gains in July as positive momentum continues to drive risk assets. The recent uptick in US infections has not dampened risk sentiment in markets so far and geopolitical tensions between the US and China have largely been brushed aside by investors. The next important thing for equities will be the announcement of Q2 earnings over the next few weeks by companies. Analysts are expecting a sharp decline in earnings given businesses endured the highest impact of the pandemic during the second quarter. For US equities, tailwind from positive momentum and monetary accommodation may have to compete with disappointing earnings announcements.