Activity coming back

03 June 2020

Market confidence is growing in response to the gradual re-opening of economies in the wake of coronavirus. A strong move up in equities in recent weeks has been anchored by calm bond markets amid optimism that the worst is over. But the comeback in economic activity is only just beginning and investors will be looking for more positive data in June.

  • Indications from May economic data and trading updates suggest that activity is rebounding a little faster than expected.
  • Goodbody remains cautiously positioned while continuing to bring down cash levels
  • While numbers are improving in the US and China, economies are not in expansion mode and substantial risks to the recovery remain in effect.
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