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Monumental hope from markets but British PM’s condition worsens

Tuesday 7th April 2020

Equities have bounced back in a big way today on the hope that countries will start to ease restrictions and get more people back to work, as the death rate from COVID19 starts to plateau. But NAB’s Rodrigo Catril reminds us that all eyes will be on any resurgence in infections as lockdowns are lifted. As a reminder of the virulence of this disease, the UK the British Prime Minister was moved into hospital on Sunday night and then, on Monday night (UK time) his condition worsened, and he was moved into intensive care. The RBA meeting today is likely to come and go largely unnoticed and most data releases pre-date the onset of country lockdowns.

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