First-quarter and 2021 corporate guidance will be key for investors in the coming weeks. This week marks the start of fourth-quarter 2020 earnings for U.S. companies, with results from JPMorgan Chase and other major banks due on Friday.
LONDON/NEW YORK: A major chunk of the global recovery in companies' earnings expected in the first quarter is at risk of being pushed back further as lockdowns and mobility restrictions in several countries cloud hopes of a swifter economic rebound, investment banks said.
China announced lockdowns in four cities and European countries unveiled tighter and longer coronavirus restrictions on Wednesday, denting back-to-normal hopes and sparking worries about further economic damage in 2021.
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