|
By Mark DOWDING, CIO at BlueBay Asset Management
While the recovery outlook remains downbeat, we’re maintaining a constructive mindset as the EBC still looks capable of doubling-down on its commitment to keep the EU together, despite data mavericks across the Channel flaunting their own advice.
Depressing economic newsflow has largely been overlooked in the past week, with investors trying to look through data on growing hopes that the period of lockdown is coming to an end. This week’s US labour market report is expected to show a record 20 million job losses in the past month, as the unemployment rate jumps above 15%, with the economy having ground to a halt. In many respects, global data releases are currently so bad that they barely...
|