Technology

The Ministry for Home Affairs (MHA) announced further relaxations in restrictions on the 30th of May 2020. As a result we expect that restrictions will be lifted significantly in most parts of the country which should lead to increased economic activity from June onwards.

Markets have reacted positively to the Government’s announcement on unlock 1.0 especially on the back of a global risk on which is providing tailwinds to our markets. The global risk on rally has been triggered by large fiscal and monetary stimulus by major countries especially the US where the Fed has done unprecedented monetary stimulus of USD 2.9tn since March 2020.

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