Even Europe is ready for economic growth

I have been looking forward with great interest to the many data releases on the expectations of European companies for the future. Most were published earlier this week, and showed that large firms are optimistic for a future where everything reopens after the Covid-19-induced lockdowns. German companies’ assessment of the current situation is that everything is on its way back to what it was before the pandemic. What’s even more remarkable is that these expectations are greater than what economists expected. These, I believe, fit into the picture of global optimism that is linked to the reopening of the world again. I weigh this economic fundamental force with great importance in my assessment of the stock market.

The new steps to ease the lockdowns in many European countries should please investors, but the nervousness in the financial markets has increased over the last few weeks, prompting some of them to even fear a downturn in the stock market.