(07 April 2020)DAILY MARKET BRIEF 1:Equities rally as new coronavirus cases slow.

<p>The US stock indices kicked off the week with a bang, with three major indices rallying more than 7% at Monday’s session as news that the new coronavirus cases in some of the world’s hotspots such as New York, Spain, Italy and France are plateauing. This does not mean that the confinement measures will be withdrawn soon, but it allows investors to see the light at the end of the tunnel. The strict measures to contain the virus contagion could however be extended until June or even July, meaning that Europe’s southern countries who rely on tourism for living could bypass the summer of 2020, while their government debt have been exploding to fight the virus’ strong negative impact on their economies.</p>