A man walks past an electronic display showing Asian markets indices outside a brokerage in Tokyo. Picture: REUTERS
Global financial markets were battered in March as investors fretted over the extent of both the short and longer term damage to the world economy from the coronavirus pandemic. But most indices are now back to pre-Covid-19 levels. “The current risk rally is driven by investors’ belief that the worst of this recession is behind us, which we agree with. Yet, investors need to be mindful of the potential risks ahead.”
Overnight on Wall Street, the Dow rose 1.7%, the S&P 500 gained 1.20% and the Nasdaq Composite added 1.13%.
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