As we all know, some of the last few months were testing time. However, most economies are expanding and doing well. There are multiple reasons that global stock markets and economies are performing so impressively. Several governments have released special funds to accelerate economies that were stalled by the pandemic. Even central banks are playing an instrumental role in supporting SMEs. In 2020, most sectors were closed. Mostly, impressive results were delivered by the pharma and IT sector. Due to the pandemic, the use of digital technologies was accelerated. So, many investors shifted their attention to these stocks.
As the returns for fixed-income groups are diminishing, equities are seen as the obvious choice. According to some leading investment strategists, some trends have changed when compared with the pre-pandemic era. The retail markets are stable, and there is no threat of sudden crumbling in the near future.
In the first week of May, the economic data presented a very positive picture. The apparel and auto makers are receiving large orders. Airlines are also optimistic that the borders of the European Union are being opened for non-essential travelling. Such travellers who have been vaccinated and belong to a nation with Ã¢â‚¬Å“stable epidemiological situationÃ¢â‚¬Â will be allowed to travel.
The Stoxx Europe 600 index rose to about 0.6%. Growth was registered for the third straight month. The German DAX made a gain of about 0.6%. The pound GBPUSD saw a gain of about 0.10%. The Dow Jones Industrial Average DJIA registered a growth of over 200 points. Similarly, S&P 500 SPX also climbed. Retail sales in Germany have recently recorded strong increases. Saudi Aramco also registered profit due to resurgent oil prices, and the income of the company made a major gain.
Not just the stock market returns, the investors should look for other options as well. Silver is the trending precious metal of 2021. Many investors even invest in precious metals. This monetary metal is now considered as a perfect long-term investment. According to experts, the industrial demand for silver will jump at least 9% in 2021 when compared with 2020. Be a smart investor and keep coins and silver bullions. Contact investment experts and diversify your investments for securing better gains.
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