Franklin Templeton's Morton: Welcome and necessary policy could lead to difficulties

Equity markets have rebounded over the past month as unprecedented monetary and fiscal stimulus has helped to prop up global economies.

While the rally looks to be largely driven by extraordinary policy responses by governments and central banks worldwide rather than optimism about the end of the virus or strong corporate balance sheets, there have been some encouraging signs from European countries which have started to lift restrictions without a material rise in infections. However, while the stimulus has been a welcome and necessary boost to economies and companies, it could lead to difficulties in future. Marlborough's Lall: The unloved 'Covid kickers' set to reboot their dividends For the UK Government, it is...