Asian stocks retreat as investors mull over executive actions by President Biden to fight the virus and earnings, and await potentially more stimulus.
Joe Biden’s inauguration went smoothly, without any violent riots, helping the S&P post its best first-day reaction to a president since 1937.
Yellen pushes for more US stimulus; Alibaba +6%, reacting to Jack Ma resurfacing after weeks away from the public eye; all focus will remain on the flood of US earnings and central bank activity in the latter half of this week.
Luxury goods stocks boost European markets, while financial stocks outperform in Asia.
Global markets trade lower, weighed down by the prospect of tighter lockdowns, political uncertainty and a resurgence of coronavirus cases in China.
Investors have many questions around the property sector in Africa, where economic declines due to Covid-19 have also impacted the industry over the past year. Business [...]