Weekly Market Snapshot – May 26th, 2020
Created by: Sam Tenney
- According to The Fortune 500 CEO survey, 91% of CEO’s expect “Business travel will become less frequent” and 82% believe “Nationalism will rise, and global supply chains will become less common”¹
- UK Government guarantees could create a “Corona debt crisis” according to the CityUK Financial trade group. “First year zero interest loans could become a problem when these companies are still struggling in the future.” If the balance sheets on these companies fail to rebound in a year they could be subject to higher interest on these loans, upwards of 6% in some cases.²
- In the International Monetary Fund’s (IMF) Global Financial Stability Report, three key areas of the Coronavirus crisis were identified that pose a longer term threat to global economic stability, corporate credit markets, volatility in emerging markets, and extremely low interest for banks.³
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