Financial Markets improved despite volatility and Covid-19
JOHANNESBURG – Global financial markets started to improve last week, although huge swings between positive and negative movements still prevail.
Various attempts from central banks and governments across the world in order to stop a definite deepening recession in most countries had some positive influence on a limited return to risky assets by investors.
The release of core economic data that prove that the recession around the world is well and alive and will be deeper than expected, had put some doubt on the policy announcements around stimulation. The fear dominating markets now had spread to expected sharp rises in deaths due to the Covid-19 virus.
Source: iol.co.za
