Risk assets start the week on a slightly firmer footing as investors start to focus on how quickly lockdowns can be ended and to what degree economies can slowly start to recover. On that subject, this week will start to see the release of the Q120 GDP numbers. In the US, ING’s James Knightley sees Wednesday’s 1Q GDP number at -6% quarter-on-quarter annualised, versus -3.9% consensus. Wednesday will also see the FOMC meeting, where the focus may be on the Fed’s unlimited quantitative easing programme. Here, the pace of bond buying has slowed over recent weeks. However, the Fed must be pleased with its actions – ... (full story)