Optimism remains in global markets but sense of fatigue creeps in
After a sizeable fall in Italian borrowing costs, Spanish and Portuguese yields led the moves lower on Tuesday
19 May 2020 - 12:02
London — The euro and Italian government bonds continued on Tuesday to cheer German- and French-led plans for a €500bn EU coronavirus recovery fund, though stock markets were suffering from fatigue after their best day in months.
There was still a sense of optimism after Monday’s news that early-stage tests on a possible Covid-19 vaccine had also proved encouraging but the momentum was shifting...
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