Weekly Market Overview 10-14/05/2021
This week you can read about how Greek, European, US and APAC markets fluctuated during the past week. In Greece, the General Index ended with gains exceeding 900 points after successful isolation of banking stocks declining trajectory. In European markets, there was imported concern from US markets about rising inflation, thus overshadowing the week’s encouraging macroeconomic data. In the US, record core inflation dragged down the indices, while the Fed warns that this is a temporary increase in inflation and entirely consistent with the forecasts of the central bank. In our stock section you will find analyses for Roblox Corp. and Upstart Holdings Inc. In APAC, Chinese markets presented strong gains and macroeconomic results, while in Japan markets suffered losses due to CPI spike in the US. Commodities moved at the same pace, with limited gains in oil and gold prices.
We wish you happy and safe Easter Holidays!