Market is ‘getting ahead’ of itself as Covid-19 infection rate rises, BlackRock CEO says – The National

Market is ‘getting ahead’ of itself as Covid-19 infection rate rises, BlackRock CEO says – The National

Market is 'getting ahead' of itself as Covid-19 infection rate rises, BlackRock CEO says







'Unquestionably, the disease curve is going to be the most important issue' Larry Fink tells World Government Summit

















Larry Fink, chairman and chief executive of BlackRock, says government policy measures and ample liquidity has helped markets bounce back from March lows. Bloomberg







The stock market in the US is "getting ahead of itself“, ignoring the rising rate of Covid-19 infections and a potential second wave of the pandemic in absence of a vaccine, which could force further economic retrenchment, the chief executive of BlackRock said.



"Unquestionably, the disease curve is going to be the most important issue that is going to overwhelm every other issue going forward,“ Larry Fink told the World Government Summit webinar series on Thursday evening. "Yesterday, we had the highest infection rate in the world and the markets are still pretty stable.“



Markets are brimming with optimism that an anti-viral treatment to control the disease or mass inoculation within a year will be available to battle the pandemic, Mr Fink, whose firm with $7.4 trillion (Dh27.2tn) in assets, is