Lonsec Market Update

Market Update – January 2021

This month:

  • Globally there were over 85 million confirmed Covid-19 cases at the start of January and over 20 million in the United States alone.
  • Democrat wins in the Georgia runoff election will give the incoming Biden administration more flexibility with economic policy and the structure of further stimulus.
  • Stricter lockdown measures were implemented throughout Europe, including the move to tier 5 restrictions in England as the UK prepares for its vaccine rollout.
  • US-China relations deteriorated as the US began enforcing new visa restrictions on Chinese party officials and investment bans on companies with Chinese military links.
  • The RBA minutes for the December meeting revealed the board believes it will take some time for output in Australia to reach its pre-pandemic level.

Read the full Market Update prepared by Lonsec here.

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