US indices ended Wednesday with a 4.4% loss on and . Trump’s warning of horrors to come caused pressure on the markets and became an unexpected pressure factor for the market. Asian indices also started trading on Thursday with a decline.
However, they turned to growth amid signs of stabilization of new cases of infections. Without spreading acceleration, medical professionals and the government have a chance to build sufficient capacity to help patients in critical condition. For markets, this could be a signal that there will be no new quarantine toughening (just an extension). Possibly, analysts may start their forecasting of a recovery in business and consumer activity.
Unfortunately, the recovery is unlikely to be as sharp as the downturn in March and April. After all, we are not talking about long New Year’s or Christmas holidays, but numerous breaks in logistics chains. It won’t be an exaggeration to say that in many cases, business processes have to be rethought….