Oktober 30, 2020

A (temporary) Covid ‘leg down’

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Kürze

The rise in new Covid-19 cases and renewed lockdowns across Europe are casting long shadows over the economic recovery and markets. Yet much more targeted restrictions, a strong Chinese rebound and continued massive fiscal and monetary policy support will keep the second wave’s impact far more muted than in spring.
A (temporary) Covid ‘leg down’
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • The rise in new Covid-19 cases and renewed lockdowns across Europe are casting long shadows over the economic recovery and markets.
  • Yet much more targeted restrictions, a strong Chinese rebound and continued massive fiscal and monetary policy support will keep the second wave’s impact far more muted than in spring.
  • Amid higher risk, we trimmed our overexposure to equities further, while keeping a sizeable preference for high-grade Credit, which continues to benefit from ECB support and the hunt for yield.

Download the full publication below

MARKET PERSPECTIVES 11/2020 - A (TEMPORARY) COVID ‘LEG DOWN’
18. Dezember 2020

Also interesting

EU flag green
July 26, 2021
Focal Point

ECB greening of the credit market to start in 2022

triple peak
July 23, 2021
Market Perspective

Market Perspectives ǀ Overfretting about the triple peak

European-Central-Bank-in-Frankfurt_web
July 22, 2021
Market Commentaries

ECB sends a dovish message as new strategy increases threshold for raising rates