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 three-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.

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