Feels like we are getting used to “the new normal” where countries report fewer cases each day and very slowly relax quarantine restrictions (in the case of London, often with a lag to what people are already doing). Boris Johnson announced last night a new message being “stay alert” as opposed to “stay at home”. There has been some confusion about the purposefully vague messaging, but what’s clear is that changes will be cautiously gradual. EU equities tried to stay in the green at the open but lost all of the early gains pretty quickly (with airlines leading the way down). Volumes are slightly higher today but overall they remain poor.
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