This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here.
Good morning. Global stocks and U.S. futures are starting the week on strong footing with plenty of green on the screens from Tokyo to London. Solid Chinese economic data and a new stimulus deadline are supporting the risk-on mood. Meanwhile, looking back over the past month, we analyze the big run by consumer discretionary stocks.
Let’s see where investors are putting their money.
- The major Asia indexes are mostly higher in afternoon trading with the Nikkei up 1.2%.
- China’s 3Q GDP grew 4.9%, slightly off economists’ expectations. But the strong pick-up in retail sales bodes well for a steady economic recovery.
- Time to ditch quarantine? That’s what IATA thinks. The world’s airline trade body is pushing for an alternative to