U.S.’s $795 Billion Rescue Saved Jobs. No One’s Sure How Many
“It’s been a lifeline for millions of U.S. small businesses during the pandemic, or a bloated bureaucratic nightmare, depending who you ask — and maybe a bit of both. The U.S. government’s sprawling Paycheck Protection Program officially wraps up its 13-month existence on Monday. Economists will be studying PPP for far longer than it was operating to figure out how many jobs it saved.”
ECB Expected to Keep Its Higher Bond-Buying Pace Through Summer
“The European Central Bank is increasingly expected by economists and investors to extend the elevated pace of its emergency bond-buying at its next meeting, despite a likely economic rebound. HSBC Holdings Plc, UBS Group AG and ABN Amro Bank NV are among those who expect the Governing Council to prolong current stimulus settings on June 10. Economists surveyed before the previous meeting said purchases would probably be scaled back.”
Kuroda Says BOJ Will Mull Climate in Monetary Policy Discussions
“The Bank of Japan will consider climate change in its monetary policy discussions, Governor Haruhiko Kuroda said in his clearest signal yet that the central bank is looking to support the battle against global warming. “We have a great interest” in climate change and its impact on the economy and the financial system, Kuroda said in an interview with Bloomberg on Thursday. “Naturally, how we respond to this at the level of monetary policy will become a topic of discussion.”
Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer(s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view(s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.