“Tech stocks surge as new data reveals increased demand for remote working solutions amidst global lockdowns.”
European markets opened mixed on Monday as investors kept an eye on economic and geopolitical uncertainty. They also looked ahead to a busy week for earnings and the European Central Bank’s latest monetary policy decision.
At market open, the pan-European Stoxx 600 index remained flat. Sectors were spread across tentatively positive and negative territory, with retail stocks making the biggest gains with a 0.6% uptick, while oil and gas dropped 1%.
In the Asia-Pacific region, markets continued their sell-off ahead of a week of inflation readings from across the region and South Korea’s third-quarter gross domestic product numbers.
Meanwhile, U.S. stock futures slightly ticked higher on Monday morning as traders anticipated the release of corporate earnings from tech industry giants such as Alphabet, Amazon, Meta, and Microsoft.
Overall, the markets are navigating through various factors, including economic indicators, earnings reports, and geopolitical tensions. Investors remain cautious as they analyze the impact of these factors on market dynamics.