5 from 5i: The impact of COVID-19 on South Asian Economies

Barkha Rani Aug 13, 2021
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Market View

Concerns over the delta variant remained on the forefront this week and weighed on TSX. Consequently, gold rose on concerns over rising cases. US and European stock markets rose as corporate earnings strengthened investor confidence. Asian markets slagged due to declines in chip-related names. The US dollar and oil prices slipped lower. The Canadian dollar was 79.84. U.S. S&P500 ended the week up 0.6%, while the TSX ended the week up 0.5%.

It was a relatively calmer week despite a round of quarterly earnings reports. Healthcare added 2.3%, while materials gained 1.8%. Financials rose 1.4%, while energy and consumer discretionary edged higher by 1.2%, each. Technology, consumer staples, and utilities ended the week flat. The most heavily traded shares by volume were Enbridge, Fortis, and Manulife Financial.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!


Disclosure: Please note that the author does not hold a financial or other interest in stocks or funds mentioned.



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