Pedestrians walk in front of a quotation board displaying share prices of the Tokyo Stock Exchange in Tokyo May 1, 2020. — AFP pic
The region’s losses came despite millions of Europeans emerging from lockdown today, with hardest-hit Italy leading the way out of its two-month coronavirus confinement. “Risk sentiment is very fragile as we enter another critical week in terms of economic and corporate data. Tail risks are rising and Donald Trump’s attacks on China are really not helping,” Swissquote Bank analyst Ipek Ozkardeskaya told AFP.
The claim, repeated by US Secretary of State Mike Pompeo, overshadowed a further slowdown in the number of infections and deaths from Covid-19.It also comes as Trump faces a tough fight to be re-elected in November with the economy slumping and millions of Americans losing their jobs because of the virus crisis.
Source: Financial Digest (financialdigest.net)
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