Vaccine delays and interest rate rise risks fail to dampen market exuberance – for now

Financial markets have been tearing ahead, fuelling abundant investment optimism even in the face of the ongoing Covid-19 crisis and health care systems creaking under the stress across much of the world. The bulls may be roaring but risks lurk. The first risk, and most obvious, concerns how the pandemic plays out. Investors’ sunny expectations are rooted in the rolling out of vaccines around the world. This feeds into an optimistic view that perhaps, from the middle of this year, economies…

Read the original article at South China Morning Post