The markets are much less confident about Europe and the United States getting back to business ahead of the summer, a Deutsche Bank investor survey showed on Monday, even as some countries begin gradually re-opening their economies.
While the equity market has recovered since a crash in March, 60 percent of the investors Deutsche Bank surveyed said they don’t think the world’s richer countries will be “back to normal” until September at the earliest. The latest survey, conducted April 15-17, also suggested US President Donald Trump’s chances of being re-elected in November have fallen amid criticism of his response to the pandemic and with former vice president Joe Biden set to be his Democratic opponent.
“A more moderate Democratic opponent plus the President’s response to the virus crisis has seen our respondents’ lowest likelihood of a Mr Trump reelection,” Deutsche Bank strategists wrote.