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How the global market rebound is playing out after coronavirus lows

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April 15, 2020

Most global equities have rebounded sharply from their lows. After falling an average 35 per cent between February and March, world have bounced back nearly 19 per cent.

ALSO READ: Equity, bond categories see inflows in Q1 amid Covid-19 outbreak: Refinitiv

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 cases in the worst-affected areas, such as Europe and the US, provided further impetus.

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However, many believe the are faltering once again as the economic growth outlook remains bleak, and because it is too early to say whether the worst of the pandemic is over.

“Despite the flattening of the curve in various geographies, the Covid-19 related situation is still evolving, with behaviour after the removal of unclear, which could continue to create volatility in financial markets,” says ICICI Securities in a note.

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