- Coronavirus risk-off sentiment testing last week’s gains from biggest U.S. spending bill in history
- Trump’s weekend flip-flop on post-virus policy pressuring markets on Monday
- Oil struggling to remain above $20
U.S. futures for the , and followed European equities lower this morning, though as of time of writing the latter two remain in the green, after Asian markets finished mostly in the red. Markets started the trading week with investors already pessimistic that, notwithstanding the unprecedented U.S. $2-trillion aid package signed into law last Friday, the carnage caused by the worst pandemic this century won’t so easily be undone.
Even over the weekend, the ongoing situation kept changing. With more than 143,000 COVID-19 cases currently confirmed in the United States, as well as more than 2,500 fatalities, the president walked back his plan to have the country return to some semblance of normality by Easter. As of Sunday, social distancing guidelines have been…