Europe’s Up, Will America Follow? 📈

Europe’s Up, Will America Follow?

European markets rallied Monday following last week’s poor performance that marked the worst week since July. Britain’s FTSE was up 2.4%, the index’s best day since the middle of June.

The good day for European markets came despite certain headwinds. France has been dealing with increasing COVID-19 case counts and Denmark just re-introduced a number of restrictions. The Euro also continues to climb higher leading many companies to fear their profits could be hit as a result.

The recovery could be good news for U.S. markets when they open tomorrow that the sell offs at the end of last week will not continue. American stocks took a hit Thursday and Friday after a long bull run. Despite this possibly encouraging news from European markets, NASDAQ futures remain slightly negative, down .3%. Time will tell whether American markets will follow Europe’s after the day off or if the two will diverge.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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