As COVID-19 cases rise worldwide, investors remain in doubt about a quick financial recovery while the global economy could surrender without fresh stimulus.
Category: Weekly Report
EU negotiations between European Union leaders on a recovery fund that could lift the bloc out of the current recession continue for a fourth day.
Investors hope that the upcoming earnings season and fiscal and monetary policy talks will fuel an economic recovery from the coronavirus-induced downturn.
Markets have been balancing hopes for some positive economic developments, though the US infections resurgence clouds the future of the global economy.
The International Monetary Fund said the coronavirus pandemic causes a much sharper recession than initially expected and the recovery has a long way to go.