Weekly Market Recap
Asia Pacific
25/01/2021
Week in review
Week ahead
- 16/1 – U.S. – Consumer confidence
- 28/1 – U.S. – Fed funds rate
- 28/1 – U.S. – GDP q/q
- 29/1 – JP – Unemployment rate
Thought of the week
The world has seen good progress on the vaccine front. Governments are implementing strategies to vaccinate the most vulnerable first, such as the elderly and those on the front lines, which should reduce mortality from the virus, ease the burden on medical workers and make governments more comfortable with relaxing restrictions. As developed markets have faced higher infection numbers, they must focus on vaccinating quickly for their economies to return to normality. Newly elected President Biden has promised 100 million doses of the vaccine to Americans in his first 100 days in office. North Asia, however, has been able to keep infection numbers lower through effective testing, contact tracing and strict border controls, and therefore can afford to be more cautious in its vaccine rollout. For investors, a rebound in developed market activity should support equities, particularly the 2020 laggards.
Daily vaccination doses
7-day moving average, per 1000 people
Source: Our World in Data, J.P. Morgan Asset Management. Daily doses are counted as single doses and may not equal the total number of people vaccinated.
Data reflect most recently available as of 19/01/21.
All returns in local currency unless stated otherwise.
Currencies’ return are based on foreign currencies per U.S. dollar. An appreciation of the foreign currency against the U.S. dollar would be positive and a depreciation of the foreign currency against the U.S. dollar would be negative.
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