Global markets were down -1.9% for the week amid concerns that coronavirus cases would surge in the US and the economic impact widened. YTD the MSCI World TR Index is down -22.6%.

Economic data deteriorated as US unemployment claims doubled to 6.6 million, twice the previous record set in the preceding week. Non-farm payrolls fell by 701,000 in March albeit these numbers were based on surveys before government-mandated shutdowns went into full effect. CLICK HERE