In April, financial markets recovered. Hopes of a reduced contamination rate of Covid-19, a reopening of societies and massive stimulus packages impacted the markets positively.

During March, financial markets were driven by the news flow about the corona virus, Covid-19. A dramatic halt of economic activity has resulted in an abrupt decline in demand, broken production chains and an increased risk of the world economy being thrown into recession.

In addition to what we all face right now in our everyday lives due to the Corona virus, we also see some major movements in the financial markets. The spread of virus in the coming weeks will be crucial for markets. Measures are being put in place to deal with the difficult financial situation. Central banks and governments around the world are in the midst of launching massive crisis packages to help businesses and individuals - something that will also support financial markets. Some sectors and industries will be affected for a long time due to lower demand and disruptions in production chains while others will return to normal capacity and see a normalized demand relatively soon. We therefore do not plan to exit the market. However, we evaluate our investments and make the changes we consider appropriate. Please do not hesitate to contact your relationship manager for further information.