Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Optimism over the global economic recovery is continuing to lift markets at the start of a new week.
While the economy is likely to have escaped a double-dip recession, the data for the coming months will likely reverse lower, reflecting the effects of the third lockdown that began in January.
The impressive pace of this program should allow UK PM Boris Johnson to release the country from lockdown sooner rather than later and get the economy moving.
The market environment remains very much sweet for risk investors. Combined to prospects that things could only get better from where we are, the whole setup is absolutely supportive of the continuation of the record run in risk assets, including stocks of all sizes, bonds, junk bonds and alternative investment vehicles.
The financial marketplace looks nothing else than a huge ‘eat whatever you can’ buffet – and we’ll see what happens when inflation kicks in.