Market Update

Market Update – April 2020

This month:

  • Large‐scale fiscal and monetary stimulus is being deployed by countries around the world as governments confront the extent of the economic impact of the coronavirus.
  • Oil markets were thrown into disarray after failed talks between Russia and Saudi Arabia resulted in a price war that threatens US shale oil producers.
  • The Australian government has announced a raft of stimulus measures, including support for businesses to keep workers on the payroll.
  • In the US, various therapeutic agents are working on active trials of a vaccine, but these will likely take many more months to be made available.
  • As the UK announced its own support measures, Prime Minister Boris Johnson was moved to intensive care after contracting the virus.

Read the full Market Update prepared by Lonsec here.

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