Market Wrap May 2020: A relief rally for (most) markets

Market Wrap May 2020: A relief rally for (most) markets

May 11, 2020

Global shares rose 10% and 3.6% in hedged and unhedged terms, respectively. Emerging markets were relative underperformers (up 2%) as their currencies remained under pressure during the month with the Australian dollar appreciating against the Chinese Yuan, Brazilian Real and others. Factors such as sizeable coronavirus outbreaks in emerging markets (excluding China) played a contributory role.

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