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Weekly Market Overview 12-16/04/2021 (en)

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Weekly Market Overview 12-16/04/2021

This week you can read about how the Greek, European, US and APAC markets fluctuated during the past week. In Greece, the General Index the General Index broke its upward trajectory series, losing the opportunity to reach 900 points. European stocks, on the other hand, saw profits for the week, backed by strong corporate earnings and promising macroeconomic data that rekindle optimism for recovery despite the vaccine deceleration on most EU countries. In the US, markets hit new highs for the 4th consecutive week as the 10-year government bond fell below 1.5% – its lowest point for over a month – due to reduced expectations of investors for new fiscal support and therefore new Treasury bond issues. In our stock section you will find analysis for Coinbase Global Inc., a cryptocurrency company that was listed on NASDAQ last week. In APAC, Chinese markets had a mixed week despite GDP’s robust increase signaling a steady recovery, while a static climate is observed in Japan as rising COVID-19 cases are a major impediment to economic activity. In commodities, oil and gold prices hit new highs, with the latter recording its best week in 4 months.