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Markets wake up to the morning after
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After an unexpected and remarkable recovery from the lows of March, India’s stock market indices are now re-focusing on the grim realities facing the global economic system.
After all, despite the massive $8-trillion stimulus globally, investors could not shy away from economic realities any longer.
For all the noise around the macro picture, ultimately the key driver of the market still remains companies’ earnings. That’s why investors are now turning to the quantum of the damage caused by the lockdowns.
Some of the numbers that were released during the lockdown were dull, and will have a bearing on earnings. The outlook for the market in the long run will depend on how quickly the virulence can be contained, but in the short run, the
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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