Market Wrap - July 2020
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Earlier optimism on the virus front started to fade, as a gradual easing of restrictions saw a spike in the number of new cases.
This saw new constraints imposed in some areas and prompted the World Health Organisation to suggest the worst of the pandemic may be
ahead.
There was increasing discussion about the possibility of interest rate increases in key regions, to counteract gathering inflationary
pressures. This saw bond yields rise, and adversely affected the performance of fixed income markets.
In spite of the generally positive mood investors remained concerned by the ongoing spread of the Delta variant of Covid-19, and whether it could derail the recovery in major economies.
