Shares edged higher in Europe on Tuesday following a mixed trading session in Asia as the “risk-off” mood lost momentum. Investors who took part in yesterday’s sell-off and who sold risky assets at almost any price, without asking questions, are now tempering their trading stance despite both the death toll and the number of infected people in China growing. Traders are aware of the fact that the spread of the deadly coronavirus and its possible impact on growth wasn’t the only driver for markets this week.
Photo by Julian O Hayon.
Today, investors’ focus is likely to be fixed on US Durable Goods Orders for December, the US CB Consumer Confidence for January as well as earnings from Apple, United Technologies and Lockheed Martin where solid data could give tech shares a solid boost. However, despite possible good news to come on this side, the risk appetite is also likely to be kept down as long as there is no significant improvement in the struggle against Chinese coronavirus.
