Stocks are turning wobbly as investors re-evaluate their expectations for economic growth, which many sceptics have been saying were overly optimistic. Economists have noted signs that the global downturn brought on by the coronavirus pandemic might be bottoming out. China’s industrial production accelerated in May, suggesting the world’s second-largest economy is gradually recovering from its shutdowns to fight the coronavirus. Expand Close Global coronavirus cases and deaths (PA Graphics) Press Association Images / FacebookTwitterEmailWhatsapp Global coronavirus cases and deaths (PA Graphics)On Wall Street on Friday, the S&P 500 rose 1.3% a day after dropping nearly 6% in its biggest rout since mid-March. Small-company stocks and bond yields rose, meaning investors were a bit more willing to take on risk again a day after the sell-off.

Source: Irish Independent June 15, 2020 03:45 UTC