Jan 23, 2023 7:00:00 AM | LGT Navigator
LGT Navigator: Tech stocks provide boost on Wall Street
On the New York Stock Exchange, the equity indices posted a solid end to the week on Friday, driven by strong tech stocks. Technology stocks on the Nasdaq benefited from unexpectedly good quarterly figures from Netflix. ECB chief Lagarde, meanwhile, emphasised continuing the current monetary policy stance and warned of inflationary effects from the reopening in China. Besides the ongoing corporate earnings season this week, the upcoming leading indicators, in the form of the regular Purchasing Managers' Surveys, are likely to show how high the probability of recession in Europe and the US is now.