Earlier optimism on the virus front started to fade, as a gradual easing of restrictions saw a spike in the number of new cases.
This saw new constraints imposed in some areas and prompted the World Health Organisation to suggest the worst of the pandemic may be
ahead.
While the month began with constructive discussions and agreements between the US and some of its trading partners, uncertainty returned to the market after President Trump threatened to impose new tariffs on Europe and multiple large corporates such as Apple, Samsung and Mattel, and again near month-end as the Court of International Trade deemed the global tariffs to be “contrary to law.”
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