Wall street opens session with a rebound after his correction suffered this Thursday and before the debacle of Netflix after their results. The major US indices are thus recovering from another bad unemployment figure, with weekly claims worsening economists' forecasts. Now the gaze is on a new stimulus package.
The clock keeps ticking and the US runs out of time. Pressure in Washington to approve another economic stimulus package increases. The Trump Administration hopes to get it ahead before August and its condition is that it does not exceed one trillion dollars.
The latest information, echoed by Bloomberg, suggests that Trump will only sign a package of measures that includes a cut in wages.
Added to this is the spike in infections that, in the words of the experts of AmeriVet Securities"It is certainly creating some nervousness in the market."
More than 3.5 million positives have already been recorded in the United States, according to data collected and published by Johns Hopkins University. Some states, like Texas, Florida and California, they are recovering some of the containment measures to prevent a more serious outbreak.
On the business front and in the absence of companies that publish their quarterly accounts this Friday, Netflix is the main protagonist. Those of Reed Hastings yield in the parquet after being unable to fulfill the expectations of the analysts with their results.
Netflix comes in addition to announcing a promotion, that of Ted Sarandos. Until now director of original content on the popular streaming platform, Sarandos has been named co-CEO with Hastings, in a clear sign of the relevance that the company's own content is taking on.
On the other side of the Atlantic, the Ibex 35 is negatively weighed down by its banks and Telefónica with its sights set on the EU and the negotiation of the Recovery Fund. Finally, in Asia, the stock markets have closed, for the most part, with a rebound despite renewed trade tensions between China and the US.