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US: The US is currently facing multiple risks that could eventually be reflected in asset prices, especially equities. First, unlike other developed nations that have managed to reduce significantly the number of new confirmed cases per million residents, the US has been experiencing a new rise in the past two weeks, which could force a number of states to impose new restrictions (we saw that Arizona recently closed its bars, gyms, movies theaters for another month after lifting its restrictions). Second, the incremental $600 a week unemployment insurance is set to expire on