BIS warns of gap opening between markets and COVID-19 reality

LONDON (Reuters) - There is growing "daylight" between stock markets and other risky financial market asset classes and the reality of a global economy sapped by COVID-19, the Bank for International Settlements said in its quarterly report on Monday.

"Based on a broad set of indicators, it is hard not to see a certain amount of daylight between risky asset prices and economic prospects," Claudio Borio, Head of the BIS Monetary and Economic Department, said.