Last week major global stocks managed to finish higher, although the market drifted lower, on Friday, after the news that President Trump and the First Lady tested positive for Covid-19. In our view, this news will have behavioural effects on consumers, who were getting ready to get back to normal economic activities and will question the re-opening phase. On the economic front, the U.S. economy added 661,000 jobs, which indicates a slowdown in the pace of job gains. However, the unemployment rate at 7.9% was better than expected….
