Markets were mixed on Wednesday.
The S&P 500 rose 0.1 percent but the STOXX Europe 600 fell 0.3 percent.
Earlier in Asia, the Shanghai Composite rose 1 percent but the Nikkei 225 fell 0.4 percent.
“We expect strong economic growth to reemerge in 2021 in the wake of headwinds from the pandemic in 2020 and the U.S.-China trade war in 2019,” said Doug Rao, portfolio manager at Janus Henderson Investors.
However, the number of COVID-19 cases in the US continues to rise, with at least 188,167 new cases and more than 2,250 virus-related deaths each day, based on a seven-day average calculated by CNBC.
Megan Horneman, director of portfolio strategy at Verdence Capital Advisors, warned that “the rising Covid cases will likely lead to more regional lockdowns after the holidays”.
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