China ending Shanghai lockdowns sigh of relief and further alleviating downside pressure on stocks

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Shanghai to exit mass lockdown = first step in removing overhang

China announced that physical stores will reopen in phases in Shanghai, as community transmission has slowed sufficiently. After more than 60 days of mass lockdowns, this is welcome news for the global economy. While the extent of the economic damage from this is not entirely clear, this removes one of the major overhangs for the economy and markets.


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