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Asian stocks are mixed while US futures are now lower, as investors struggle to justify recent gains amid the ominous global economic outlook. Still, equity markets have calmed down noticeably, with the VIX having declined by 35 percent since its March 16 peak, although it is still more than three times the average over the past five years. That said, investors must remain vigilant against another spike in volatility, as equity markets may be triggered into another sell-off on any signs that the Covid-19 crisis is worsening.Considering the relatively elevated levels of safe-haven assets,... Read More

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