22.06.2020:After the sell-off in March, equity and credit markets recovered significantly in April and May. In April, the global equity market index MSCI experienced its strongest monthly rise in 33 years, rising 10.4%. Positive news regarding the development of COVID 19 pandemic and the increasing normalisation of public life in many countries after the lockdown period led to a price increase in many risk assets classes.
June began with renewed price rises, especially in the USA. The FED meeting on June 10th put an abrupt end on this optimism.