Markets were mixed on Friday.
The S&P 500 fell 0.1 percent and the STOXX Europe 600 fell 0.3 percent but the Nikkei 225 rose 0.5 percent.
Markets in Europe and the US were shaken after Germany on Thursday announced more restrictions for unvaccinated people amid a renewed surge in COVID-19 cases and Austria announced on Friday that it will re-enter a full national lockdown.
However, some analysts are confident that the latest developments will not have much impact.
“We’ve been through wave after wave of Covid and different variations of it, and we’ve never really seen a big market sell-off because of it,” said Ross Mayfield, investment strategy analyst at Baird.
In the meantime, Mike Loewengart, managing director of investment strategy at E-Trade Financial, noted that “there are some clear signs that consumers are resilient and corporate balance sheets are strong despite pricing pressures”.
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