23 June 20 - Fragile Sentiment  | James Hardie Jumps Global markets were mixed overnight with the US market (S&P 500 +0.65%) led by technology stocks. While markets are rallying, sentiment remains fragile as a spike in covid-19 cases in the US and other major economies could create a setback for the economic recovery. High-flying Apple and Microsoft Corp traded at all-time highs and provided the biggest boost, while travel-related stocks were one of the hardest hit sectors. The World Health Organization reported a record rise in global covid-19 cases on Sunday, driving demand for perceived safe-havens, including gold and longer-term US Treasuries. The market is placed in an interesting position, the bulls making a case for the fact that the opening up is going much better than expected with better than expected retail sales and jobs data, while bears are looking at the number of covid-19 cases which are still continuing to rise, potentially...