Panic over - but where next for markets?

Markets have regained their risk appetite following action by central banks, a firming in commodity prices and evidence the tail risks of a US recession or a China hard landing are not materialising. Looking ahead, we will need to see greater evidence of stronger activity for the rally to continue - although this is also likely to bring the US Federal Reserve back into play, posing a challenge for investors. Why have markets rebounded? After hitting the panic button in January, investors have regained some composure. Shares and corporate bonds have rallied whilst the risk appetite ind...