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By Mark DOWDING, CIO at BlueBay Asset Management
ECB announcements give Portugal, Italy, Greece and Spain something to smile about during a challenging week. Risk sentiment has bounced during the past week, on hopes that global policymakers are now doing enough to position themselves ‘ahead of the curve’ as they battle to deal with the economic fallout from the Covid-19 pandemic.
Data expectations
A record 3.3 million weekly US jobless claims (which represents an eye-watering 217 standard deviation event) and plunging PMI surveys appear to offer only a foretaste of the economic downturn resulting from lockdown measures, aimed at slowing the spread of the virus. Over the coming weeks, we are looking for data...
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