There’s no shortage of at the start of the week, or over-confidence for that matter, as stock markets jump on some apparently promising numbers in recent days.
Europe appears to have turned a corner, with Italy and Spain – the worst hit in the region – seeing a sustained period of declining new cases and deaths. Other countries are starting to see similar results as well which is certainly cause for optimism after a quite horrific month. The quarantine measures are clearly having the desired effect, let’s just hope people continue to respect them or we could be back to square one.
Optimism is misplaced as far as the UK and U.S. are concerned though. The next week or two is going to be grim and one day of better data from the U.S. doesn’t change that. Investors are keen for the market to have bottomed but I’m not sure they’ll easily weather the storm to come and their nerves will likely be heavily tested.
The came under a little pressure this morning after UK…
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