Global stock market rally feels fragile | Nils Pratley | Company

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HHave we seen the bottom of the stock markets? It is tempting to believe it after two days of rapid action as investors reacted to the welcome sight of flatter coronavirus curves in Italy, Spain and Germany.

Some of the gains in individual stocks – the ones that fell the most – have been astounding. Quick boarders could have made a 27% return in 48 hours by buying easyJet shares as early as Monday morning. In the same short period, Rolls-Royce, the engine manufacturer, gained 24%. Like easyJet, he was able to unveil a self-help strategy involving more borrowing.

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