April 2021 has raised hopes for a stronger then expected economic recovery from the covid-19 pandemic however hopes of a quick economic recovery are being tested by a rampant covid surge in India that is breaking all records for highest single day case-loads. Positive economic data from US and China along with continued support from US Federal Reserve and strong vaccination campaign in the US is underpinning a solid platform for economic recovery.

March continued to be a volatile month for financial markets amid signs of improving economic activity even as covid related infections rise worldwide. US job report for March was a strong one as US Manufacturing growth recorded its highest level since at least 1983. The economic recovery is being underpinned by success on the vaccination front as millions of Americans are receiving covid-19 vaccination dosages and the US Government continued its stimulus support for the economy.

Continuing on with the momentum in the first month of 2021, February 2021 has proved to be another volatile month for the world economy and financial markets.