The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* Markets remain bulled up on the basis, curves flattening and rate of increases falling
– key question when are and how containment measures will be eased, NZ included??
– hard to believe such a turnaround BUT as said, the Government and Central Bank stimulus unprecedented
– US proposing a further $250bn for SMEs and Democrats talking about adding $500bn more
– plenty of shocking numbers looming, but markets are looking through…