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Stock Markets Falling as Investors Search for the Best Place for a New Earnings Season

Stock Markets Falling as Investors Search for the Best Place for a New Earnings Season

European and North American stock futures opened this week trading lower, following some of the losses registered in the Asian session, during the early hours in Lisbon, at a time when investors are preparing for a new season of results presentation.

At this time, the futures of the Stoxx 50 – an index that groups the 50 biggest listed companies in Europe – lose 0.1% and the futures of the North American S&P500 fall 0.3%.

In China and Hong Kong, shares in technology giant Alibaba rose despite the imposition of a record fine of 2.3 billion euros for anti-competitive practices, similar to what happened last year with several US technology companies.

After three consecutive weeks of rises, the Wall Street indices are expected to start this week on the wrong foot, with investors still looking for the best place to watch another season of corporate figures. This week, and as usual, it will be the banking sector that will kick things off.

Despite the accelerating economic recovery in the US, the rise in new covid-19 cases and delays in vaccination plans are generating some fears.

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