Virus-Off, Virus-On…
Edito The market remains strongly driven by the news flows (and speculation s ) about the evolution of the Covid-2019 epidemic in China. After a start to the week in “virus-off†mode (ie risk-on), on the backdrop of reassuring news, sentiment at the end of the week suggests a new wave of volatility: uncertaint ies about the infection rate path , when will the epidemic peak , Beijing’s room for maneuver and, in particular, the overall impact this crisis will have are still very high. Meanwhile, macroeconomic data came to confirm the European economic weakness, with Germany narrowly escaping a recession.