Risk appetite is looking increasingly on borrowed time as stocks turned sideways. Having lost momentum after last week’s sell-off global shares on Friday could only manage a tepid rebound from Thursday’s dip amid ongoing worries about the surge in new virus cases in the United States. The number of new daily corona virus cases reached record levels in ten US states this week, putting into jeopardy the reopening of the economy. Fresh doubts about the economic recovery were also raised…