Ideas

The year 2020 continues to surprise — the pandemic, international border closures, halting of the world economy, a sharp global equity sell-off on the back of coronavirus fears followed by a quick recovery, and recently, record highs for the U.S. equity market.

COVID-19 bitterness aside, the majors’ underlying performance was sweetened with higher other income and broadly stable to lower operating expenses.

In our latest ‘Coronavirus analysis & outlook report’, we analyse the number of new cases in Victoria, which has fallen at a faster pace than the Western European extrapolation. This may be a result of harsher and longer restrictions.