FT News Briefing Investors eye recovery, $1tn in corporate borrowing, SpaceX test flight
May 27, 2020
Global stocks are feeling optimistic about a potential economic recovery. Major corporations like Disney, Apple, and ExxonMobil have borrowed a staggering trillion dollars this year, prompting discussions on market trends. Meanwhile, SpaceX is set to launch two NASA astronauts into space, marking a significant step in commercial space exploration. Industry experts weigh in on the implications of these developments for investors and the future of space travel.
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Market Optimism
- Investors believe the worst of the economic downturn is over, anticipating improvement in coming quarters.
- Low treasury yields and interest rates are driving investment towards equities.
Investor Confidence
- Investors remain optimistic despite concerns like potential second lockdowns and US-China tensions.
- Extensive government spending and central bank support contribute to this optimism.
Corporate Borrowing Surge
- Investment-grade companies borrowed over $1 trillion in the first five months of 2020.
- Low interest rates and central bank support have facilitated this borrowing spree.