May 20, 2020 7:00:00 AM | LGT Navigator
LGT Navigator: Two steps forward, one step back
Investors appear to have taken advantage and taken profits following the rally in the stock markets at the beginning of the week, driven by hopes for a rapid recovery of the global economy from the corona shock. On Wall Street, the Dow Jones Industrial fell by -1.6% and in Asia stock indices are mixed. On the bond markets, the German-French initiative for an EU aid fund initially caused yields on European government bonds to fall. Meanwhile, Fed Chairman Powell again emphasized his call for stronger fiscal stimuli.