(08 April 2020)DAILY MARKET BRIEF 1:Equities mixed as number of cases plateau.

<p>The US indices rallied past 3% before reversing gains on Tuesday, and closed the session a touch below zero. The US treasury yields were offered, the US 10-year yield rebounded to 0.73% and the dollar softened.</p>
<p>US House Speaker Nancy Pelosi said that the US may add another $1 trillion stimulus in the mix to fight a coronavirus-induced economic slowdown.</p>
<p>Speaking of the virus, though the UK and New York announced their deadliest days yesterday, the number of cases slowed in these locations and elsewhere in the world. The fact that we may see a peak and a reversed trend in number of cases and deaths in most parts of the world indicates that the worst is probably behind, but it does not necessarily mean that the containment measures should be lifted too quick and too soon. As the risks prevail, the world could stay confined for couple of more months. In this respect, we could see energy and transport shares underperforming the rest for an extended period of time.</p>