WEEKLY COMMENT: IS CORONAVIRUS OR ITS IMPACT SPREADING BEYOND CHINA?
Weekly podcast: Markets Uncut
Market overview: Alan McIntosh, Chief Investment Strategist
Despite the number of deaths from coronavirus now exceeding fatalities linked to SARS, global stock markets rebounded sharply last week, making up for much of the fall experienced in the previous fortnight. While this may seem perverse, there is an inherent assumption that the virus will shortly be contained and that the economic impact will be minor.
Donald Trump had arguably the best week of his presidency so far. He was acquitted by the Republican-led Senate on impeachment charges, although this was not hugely surprising (no US president has successfully been impeached). It also coincided with a bumper set of employment numbers and a stock market that hit a fresh all-time high. Nearly 60 percent of Americans believe they are financially better off than a year ago – a record number. With no clear front runner in the Democratic leadership challenge as of yet, the next US presidency is Trump’s to lose