Caution urged after euphoric stock recovery

Original article by David Rogers
The Australian – Page: 26 : 7-Feb-20

Global sharemarkets have rebounded quickly from a sharp fall in response to the coronavirus, with Wall Street reaching a new high and the Australian bourse approaching its record peak. However, equity strategists have warned that the rally may not be sustained; they note that it has been driven by factors such as indications that the coronavirus’s spread may be slowing and the recent move by the People’s Bank of China to increase market liquidity.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, STANDARD AND POOR’S 500 INDEX, NASDAQ COMPOSITE INDEX, PEOPLE’S BANK OF CHINA

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