Markets still sensitive to Covid-19 fears

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US stocks are set to pare some of Friday’s declines, with futures edging into positive territory at the start of the week. Asian stocks are however lower at the time of writing, despite China’s May industrial profits posting a positive surprise with a six percent year-on-year growth.

Fears over the global coronavirus pandemic are retaining their place as the primary driver of global market sentiment. Over the weekend, the number of cases worldwide exceeded 10 million, with the death toll now more than 500,000.

The figures call into question the optimism that has been priced into global… Read More:

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