Market comment | Equities rallied amid encouraging fresh news

Summary

Market risk sentiment recovered thanks to encouraging words from the Fed that virus spread is being supervised, and to positive earning releases. Fed’s Chairman, Powell added that its impact on the US economy was still unknown.

Key points

• Key points:
• Fed’s Powell said U.S. economy is resilient.
• Reports on the slowdown in the rate of coronavirus contagious, boosted equity markets to reach new highs.
• Sovereign yields recovered some ground. Peripheral yields moved largely in line with core yields.

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