Markets are placing a great deal of faith in policy support and positive virus developments, and the recent earnings season was much less downbeat than expected. Still, market positivity also creates vulnerabilities, as any negative news flow around the virus or as economies reopen could throw the recovery off course. In our latest podcast, Ewout van Schaick, Head of Multi Asset, explains our scenarios for the economic recovery and what we see as the most pressing questions as we move towards normalisation. Listen here.
Equity markets have rebounded strongly in recent weeks, with indices now at or close to pre-crisis levels.