{"id":293313,"date":"2020-07-10T03:30:00","date_gmt":"2020-07-09T17:30:00","guid":{"rendered":"https:\/\/www.gomarketingteam.com\/articles\/the-pandemic-and-geopolitical-risks\/"},"modified":"2021-02-19T12:13:41","modified_gmt":"2021-02-19T01:13:41","slug":"the-pandemic-and-geopolitical-risks","status":"publish","type":"post","link":"https:\/\/www.gomarkets.com\/en\/weekly-summaries\/the-pandemic-and-geopolitical-risks\/","title":{"rendered":"The Pandemic and Geopolitical Risks"},"content":{"rendered":"

By Deepta Bolaky<\/strong>
\n\u00a0@DeeptaGOMarkets<\/a><\/p>\n

Virus Cases Continue to Surge<\/b><\/h4>\n

Earlier this week, the WHO warned that \u201c<\/span>the outbreak is accelerating and we have clearly not reached the peak of the pandemic<\/span><\/i>\u201d. There have now been 12.4 million cases of COVID-19 and more than 557,000 lives have been lost. Latin America & Caribbean, North America and Asia are seeing an increase in the number of cases.<\/span><\/p>\n

\"\"<\/p>\n

Stock Market – Swings<\/b><\/h4>\n

Global stocks swung between gains and losses this week as doubts of economic recovery resurfaced following the rising number of coronavirus cases. The stock market is finding support from improving economic data, extremely loose monetary policies and massive government spending plans but the pandemic remains a key concern. <\/span><\/p>\n

Wolrd Equity Indices<\/h5>\n

\"\"
\nSource: Bloomberg<\/p>\n

Chinese Stocks<\/b><\/h5>\n

This week we have seen a surge in the demand for Chinese stocks as the state media encourages inventors to put their money into equities. The CSI 300 is among the few that have performed well despite the volatility in risk sentiment.<\/span><\/p>\n

\"\"
\nSource: Bloomberg<\/p>\n

Forex Market<\/b><\/h4>\n

In the forex market, major currencies were mixed against the US dollar.\u00a0<\/span><\/p>\n

Amid a subdued economic calendar, much attention was focused on the COVID-19 cases and geopolitical themes. The greenback managed to intermittently edge higher lifted by concerns of a second outbreak and geopolitical tensions. Other safe-haven currencies like the Japanese Yen and Swiss franc also found some upside momentum.<\/span><\/p>\n

\"\"
\nSource: Bloomberg Terminal<\/p>\n

The British Pound scaled higher this week bolstered by Brexit-related headlines and Chancellor Rishi Sunak\u2019s recovery plan:\u00a0<\/span><\/p>\n