Monthly Market Outlook – June

June 10, 2020

May was a positive month for Stock markets as Equities continued to make headway amid a gradual easing of lockdowns, encouraging news on the development of a vaccine and the underlying backstop of a whatever-it-takes stance from fiscal and monetary authorities. Signs from the economic data that the worst of the growth collapse occurred in April were also supportive of the risk backdrop; raising hopes that a V-shaped recovery may come to pass after all. Meanwhile, global uncertainty picked up as relations between China and the West soured, alongside Brexit coming to a head. Several political and banking decisions will be made in June as well that could have a meaningful impact in the months ahead.

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Andria Pichidi and Ahura Chalki,

Market Analysts, HotForex

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