The governor of the US state of New York, which has been badly affected by the corona pandemic, has presented a plan to return to normal. “We want to get the economy going again,” said Andrew Cuomo at the weekend, “but we have to be careful and intelligent about it.” For example, companies should ensure that distance rules are observed in their offices and factories and that they have enough breathing masks for their employees. The first companies could open on May 15, Cuomo said – provided things continue to improve.
The Japanese central bank, which is helping the economy with further measures in the fight against the corona crisis, has recently provided momentum again. Among other things, more government bonds and corporate securities are to be bought, although the BoJ no longer sets its own limit for government bonds.
Market observers assume that the BoJ wanted to send a strong signal with the new measures before the US Federal Reserve and the European Central Bank hold their interest rate meetings this week. At the Fed, however, experts do not expect any further expansion of the various measures taken so far. US key interest rates are now close to zero. Massive purchases of US Treasuries, cash injections for the banks and loan programs for US companies and consumers are also planned.
Facebook drew attention to itself among the individual values even before trading began. The company does not want to leave the rapid growth in video chats in the Corona crisis to the rising star Zoom and counters with its own offer. The Facebook share was a good two percent in the pre-trading session.
The fact that the largest US automaker General Motors is now suspending its quarterly dividend in the wake of the pandemic and does not want to buy back any shares, on the other hand, was less well received. The paper fell by two percent before the stock market launch./kro/jha/
(AWP)
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