(15 MAY 2020)DAILY MARKET BRIEF 1:Equities recover but sentiment remains brittle

<p>US equities rebounded; the Dow (+1.62%) and the S&amp;P500 (+1.15%) gained on Thursday, as bank stocks rallied 2.64% as the Federal Reserve (Fed) Chair Jerome Powell talked down the possibility of negative rates for the moment. Nasdaq advanced 0.91%.</p>
<p>But gains in US futures remained limited in Asia, on the back of rising tensions between Washington and Beijing amid Donald Trump said he doesn’t want to talk to Xi Jinping for now. The blame game continues gaining momentum worrying that the frictions between the two countries could take another toll on the global trade. And a renewed US-China tension is the last thing the world needs right now. Especially provided that China probably has little response, and remedy, to Trump’s accusation that they invented the virus on purpose. We still believe that Beijing will try bettering the relationship and will refrain from adding gas to fire.</p>