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By Mark DOWDING, CIO at BlueBay Asset Management
Attention builds around US politics as the Democrats battle technical glitches while US data points pick up as virus concerns calm.
Risk appetite improved over the past week on increasing hopes that the spread of the coronavirus would be contained. In some respects, it may seem too soon to jump to this conclusion, though a peaking in the rate of acceleration of new cases, coupled with low levels of mortality and hopes for a cure, has helped markets to reverse some of the flight-to-quality trades which were dominating at the end of January – even as economists make substantial downward revisions to Chinese growth forecasts.
Most commentators appear to see the Chinese economy...
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