Most global equities have rebounded sharply from their coronavirus lows. After falling an average 35 per cent between February and March, world markets have bounced back nearly 19 per cent.
The sharp rebound was underpinned by trillion dollars’ worth of stimulus packages, announced by major central banks. Flattening of the curve of the number of coronavirus cases in the worst-affected areas, such as Europe and the US, provided further impetus.
However, many