A globally accelerating spike in new COVID-19 infections, which can be marked as a second wave, becomes a new theme for markets and whether this may prompt to fresh lockdowns.
Category: Weekly Report
Fears of a second wave of the coronavirus raising the prospect that renewed outbreaks could weigh on the recovery of economies have frightened markets.
Economic data have significantly improved as economies went through the worst and are gradually getting back to business but the economic outlook remains uncertain.
First-quarter economic numbers point to contraction at a fast pace as national economies still struggle due to the business inactivity caused by the coronavirus pandemic.
Global financial markets were already struggling to deal with enormous economic uncertainty while optimism around the re-opening of the economies and stimulus fades away.