BNP Paribas AM: Now is not the time to sell risk assets

U-shaped economic recovery likely

After almost two months of lockdown across much of Europe, some countries such as Denmark, Germany, and Austria have begun to loosen restrictions on public and business activity.

However, in others such as Spain, the lockdowns have been extended, while in the US individual state governors may choose not to follow the recommendations of the federal administration.  Coupled with this, new information is emerging all the time about how markets and economies are reacting to the measures. In our view, this ongoing uncertainty will present opportunities to add risk to multi-asset portfolios in the near future. Cause for cautious optimism: The outlook for China We are monitoring the crisis via four key pillars: the evolution of the virus; economic disruption an...