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Why have global stock markets gone up this year?

Why have global stock markets gone up this year? © Getty Images Around the world, millions of people have lost their jobs or been paid by their governments to stay at home. Yet stock markets have bounced back from steep drops in March. The most striking gains have been made in the US, with the tech-heavy Nasdaq up a whopping 42% and the wider S&P 500 up 15% on the year. But the UK s FTSE 100, with its struggling oil companies, banks and airlines, all of which were whacked by the pandemic, has not had such an easy time. While it is still down 14% since the start of the year, it has seen a steady rise over the last few months and a received a recent boost after a trade deal with the EU was reached and another vaccine was approved.

United kingdomCity ofJohannes petryJoe saluzziUniversity of warwickSue noffkeGetty images whileGetty images surgingஒன்றுபட்டது கிஂக்டம்நகரம் ஆஃப்ஜோஹன்னஸ் பெட்ரிபல்கலைக்கழகம் ஆஃப் வார்விக்வழக்கு ஞோப்ப்கேகெட்டி படங்கள் போது

It s the Index, Stupid! Our New Not-So-Neutral Financial Market Arbiters

By Johannes Petry, IRC Postdoctoral Research Fellow at the SCRIPTS Centre of Excellence, Free University of Berlin, Jan Fichtner, Senior Research Fellow at the CORPNET project, University of Amsterdam, and Eelke Heemskerk, Principal Investigator at the CORPNET project, University of Amsterdam. Guest post at Notes on the Crisis. Over the course of 2020, Elon Musk’s wealth skyrocketed from $27.7 billion to $147 billion. Musk even overtook Bill Gates, to become the second richest person in the world. This was a tremendous jump in fortune: Musk was only at 36th place in January 2020. Musk’s enrichment was mainly due to Tesla’s rising stock price (TSLA:US), which surged from $86 in January to $650 in December. Tesla is currently one of the ten most valuable companies in the US stock market.

United statesUnited kingdomUnited kingdom generalNoord hollandCayman islandsAdriana robertsonGeorge sorosEelke heemskerkBill gatesRobin wigglesworthKen griffinSp dow jonesJohannes petryElon muskJan fichtnerYinghang jame yang

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