The Coronavirus has battered the world economy but the light seems to be shining on global stock markets.
MIAPJ0000PUS (All Counry Asia-Pacific ex Japan) saw an all-time high since March 2018.
The European market got a massive boost after the news broke out of Veolia hoping to buy a 30% stake in Suez. This resulted in Paris, Milan and Frankfurt markets rising by 0.5% to 0.9%.
The American stock market also saw an upturn after Federal Reserve Chair Jerome Powell committer to keeping inflation at a 2% average.
Veolia hopes to buy a near 30% stake in smaller peer Suez said, “At some point, I think we will see a correction in equities but not a collapse, and that would be normal and good news for the market because equity levels are too high and disconnected to the economic reality and earnings.”
