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Stock markets are tumbling around the world today with the sharp rises in coronavirus cases signalling fears of new and extended local and national lockdowns. S&P 500 futures are marked down nearly 1.7% while European bourses have fallen over 3% on the day so far. This risk-off mood has given safe haven currencies a bid with the Yen and Dollar leading the G10 charts.The likely halt in US fiscal support until after the election in November is adding more fuel to the equity fire, but it is the slowing pace of recovery over the next several quarters in most major economies which is... Read More

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