Preferred instrument: A pedestrian is reflected on an electronic stock board outside a securities firm in Tokyo. Risk assets continue to be favoured in a cyclical recovery and due to still-accommodative central banks in developed markets. — Bloomberg
THE fresh wave of Covid-19 cases may have sent the financial markets reeling under panic over the week, but analysts say investors should look past the current short-term volatility and seize the opportunity to go long on recovery plays.
This is because economic and earnings growth prospects have improved significantly as vaccination campaigns accelerate globally.
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