As we start the week, we ask: does it feel like déjà vu? We have seen global equities rebounding, positive returns from global bonds as credit performance underpins broad bond indices, and positive movements across different sectors. Yet COVID-19 continues to spread, reaching over 10 million cases globally, which is creating an uneven and challenging economic recovery. This week the team look forward and decipher what this might mean for investors, what the trends are, and speak to the following points:

Qantas announcement – Their latest response to the pandemic included substantial equity raising and a 3-year recovery plan targeting significant cost savings

Macro credit update – with credit outperforming and a strong demand for credit persisting

An update on the European markets and the ECB

Equity market performance

Disclaimer:

This information is solely for general information purposes. It is not financial product advice or an offer to sell or solicitation of an offer to buy securities or any other investment, investment management or advisory services. In preparing this information, QIC has not taken into account any investor’s objectives, financial situations or needs. QIC does not represent, warrant or guarantee that the integrity of this information has been maintained or that the information is free of errors, virus or interference. You are not permitted to rely on this information, and any reliance on it, or decisions made based on it, are your responsibility. QIC therefore accepts no liability for any reliance on this information.

Copyright QIC Limited, Australia. All rights are reserved. For more information about QIC, our approach, clients and regulatory framework, please refer to our website http://www.qic.com/ (www.qic.com) or contact us directly.