The huge gains in equity markets seen worldwide because of the nonfarm payroll data, which was announced in the US a few days ago, won't necessarily continue, said Geoff Lewis of Manulife Asset Management. He maintained that the ongoing market movement is nothing but a 'relief rally' and is a confirmation that the US economy is not heading towards a slowdown. He doesn't see Brexit as a globally systemic economic shock, and said it could only shave some growth off the UK and EU.
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