Share markets continued to edge higher after Wednesday’s European opening bell as market sentiment continues to soar on vaccine hopes. Sector-based rotation is still going on with investors fleeing tech shares to increase their exposure to assets more linked to economic growth such as the industrial sector for example.
Even if market optimism remains globally high, some investors already think this week’s price moves on both safe havens and riskier assets were too sharp. In fact, lingering uncertainties about the next stimulus packages and the delay of implementation of a public vaccine campaign has seen some investors bet on an upcoming correction. This would make sense for a technical perspective following the 9-day winning streak for the Stoxx-50 Index.
