How the monetary and fiscal response to Covid-19 is reshaping bond markets.

For much of the quarter, financial markets also appeared to have returned to business as usual.

Why we believe the post-pandemic economy will take some time to get back to pre-crisis levels.

We provide our macro outlook for the second half of 2020.

Equity markets appeared at times to be detached from reality as they rebounded strongly during the second quarter.

How is the pandemic changing global trends?

How will Covid-19 shape the post-pandemic investment landscape?

We assess some potential consequences of the pandemic, and how they may play out in the global economy.

In 2015 American philanthropist Bill Gates warned of the potential threat a pandemic posed to the global economy.

We assess the potential impact of an unprecedented US fiscal stimulus package on markets.

We analyse the impact of the UK government's financial rescue package on bond markets.

As market turmoil continues, we consider the outlook for global equities

We analyse the impact of Covid-19 on global bond markets in anticipation of the next stage.

The Roman god Janus is a fitting metaphor for an investment backdrop characterised by uncertainty and opposing views.