European stocks head higher despite UK 'pingdemic'

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pippy
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Iscritto il: mer mar 24, 2021 12:15

European stocks head higher despite UK 'pingdemic'

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European markets rose on Monday morning in London as sentiment improved, even as the UK found itself in the midst of a 'pingdemic'.

Polling by The Times published this morning found that nearly half of Britons are reducing social contact for fear of getting alerted — or 'pinged' — by the NHS COVID-19 app, amid measures to curb the spread of the virus.
Small businesses reported the knock-on effect of staff shortages from the measures, with many in hospitality losing earnings due to being told to isolate.

As the UK comes off the peak of its third wave, 26,144 coronavirus infections and 71 fatalities were announced on Saturday, while 29,173 cases and 20 deaths were reported this time last week.
The FTSE 100 (^FTSE) rose 1% at the open. Germany's DAX (^GDAXI) was up 0.7% and the CAC (^FCHI) rose 0.8%.
All three indexes had closed off Friday with losses.
US stock futures also ticked upwards as earnings season marches on. S&P 500 futures (ES=F) were 0.6% higher. The Dow (YM=F) looked set to open 0.6% higher and the Nasdaq (NQ=F) was also heading for gains of 0.6%.
Investors in the US are optimistic as a $550bn (£396bn) infrastructure package steps closer to passage in the Senate this week.
"The US corporate earning numbers will continue to come out this week, and this will be another factor that is likely to influence the market's price action," said Naeem Aslam, chief market analyst at AvaTrade.
"Nearly 59% of the S&P 500 have already reported their earnings for Q2, and nearly 88% have surprised investors by beating the estimates."

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