Marathon talks on EU Corona aid packages – Update from the Investment Division

Marathon talks on EU Corona aid packages – Update from the Investment Division
Marathon talks on EU Corona aid packages – Update from the Investment Division
(c) APA-picturedesk
Share post:

What has occurred since Friday ?

Mixed economic data and negative headlines about the continuing rise in coronavirus cases in several U.S. states weighed on investor sentiment last week. California, Texas, and Florida reported new case numbers above the seven-day average, and Pennsylvania announced that there will be restrictions on food service. On Friday, however, the markets regained some ground and the S&P 500 closed the week slightly higher.

The weekend was dominated by the marathon talks between EU leaders. These will continue on Monday, as no agreement has been reached so far. The 27 EU states are still discussing the modalities of the aid package. At the heart of the dispute are the ratio of grants to loans, the overall size and other conditions. Media reports currently suggest that the “Thrifty Four” (the Netherlands, Austria, Denmark and Sweden) have presented a package of loans worth 350 billion euros and a grant of 350 billion euros. France and Germany, on the other hand, recently called for a minimum lower limit for grants of 400 billion. The chances of reaching an agreement now appear to be higher than they were before the weekend, as the “Frugal Four” are making concessions while recognizing that grants must also be part of the agreement.


Legal note:
Prognoses are no reliable indicator for future performance.



Leave a comment Required fields are marked with *

Your email address will not be published. Required fields are marked *

Legal disclaimer

This document is an advertisement. Unless indicated otherwise, source: Erste Asset Management GmbH. Our languages of communication are German and English.

The prospectus for UCITS (including any amendments) is published in Amtsblatt zur Wiener Zeitung in accordance with the provisions of the InvFG 2011 in the currently amended version. Information for Investors pursuant to § 21 AIFMG is prepared for the alternative investment funds (AIF) administered by Erste Asset Management GmbH pursuant to the provisions of the AIFMG in connection with the InvFG 2011. The fund prospectus, Information for Investors pursuant to § 21 AIFMG, and the key investor document/KID can be viewed in their latest versions at the web site or obtained in their latest versions free of charge from the domicile of the management company and the domicile of the custodian bank. The exact date of the most recent publication of the fund prospectus, the languages in which the key investor document is available, and any additional locations where the documents can be obtained can be viewed on the web site

This document serves as additional information for our investors and is based on the knowledge of the staff responsible for preparing it at the time of preparation. Our analyses and conclusions are general in nature and do not take into account the individual needs of our investors in terms of earnings, taxation, and risk appetite. Past performance is not a reliable indicator of the future performance of a fund.