-
Investors Wrestle with Notion that More Covid Cases mean More Stimulus
It may be that a new surge in virus cases will elicit more policy support from officials, but the immediate focus may be on the economic disruption. The number of US cases is reaching records, and at least a couple of states are stopping their re-opening efforts. Several other countries, including parts of Australia, Japan, and Germany, are wrestling with the same thing, And some emerging markets, like Brazil and Mexico, have not experienced a lull. Asia Pacific markets followed the US lead and traded higher. Indices in Japan, South Korea, and Australia gained more than 1%. China and Taiwan markets remained close for ... (full story)