European markets had a rather uneventful start to the week, after last week’s declines, edging slightly higher on what looks set to be a busy few days on the earnings front, which started with Tesla’s numbers after the bell last night.
US markets picked up from a solid end to the week on Friday with another positive session yesterday, though the Dow lagged behind a much stronger performance from the likes of the Nasdaq, which hit a record close, and the Russell 2000, which both posted strong gains.
We saw strong performance from the likes of the travel and leisure sector yesterday, with airlines doing particularly well, on reports that a limited transatlantic route could open up for US tourists who have been vaccinated to be allowed to travel to the UK and Europe.
The resilience of equity markets, particularly in the US is in marked contrast to rising concerns about the situation in India which is looking absolutely horrific, and is likely to get a lot worse before it gets better, the consequences of which could well ripple out beyond…
