Home News Global Markets

Second half: second wave or second wind?

The Edge Singapore
The Edge Singapore6/12/2020 07:00 AM GMT+08  • 5 min read
Second half: second wave or second wind?
Financial markets, poised to enter the second half with a “second wind” beneath the wings, have been doused with cold water.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (June 12): Financial markets, which were poised to enter the second half of the year with a “second wind” beneath the wings, have been doused with cold water. The spectre of a “second wave” of Covid-19 cases has grown as more locations lifted lockdowns in varying degrees, thereby allowing the virus to spread.

This past week, three major US states reported a higher number of confirmed Covid-19 cases. A month into its reopening, Florida reported 8,553 new cases — the highest weekly number to date; California’s hospitalisations are at their highest since May 13. And on June 10, Texas reported 2,504 new cases, the highest one-day total since the Covid-19 outbreak started.

Earlier in the week, market experts were betting on a “second wind” to carry markets even higher. The “wind”, of course, is generated by the unprecedented trillions in stimulus from policy-makers and central banks across practically every major economy.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now