Market news

Show news:


04.05.2021 17:40

French central banker pushes back against warnings of bankruptcy wave

Reuters reports that Bank of France Governor Francois Villeroy de Galhau said there was no evidence business bankruptcies would go beyond catching up from exceptionally low levels seen last year, warning against exaggerating the likelihood of insolvencies.

Many European countries saw corporate bankruptcies fall to historic lows last year as governments put in place a range of measures to help them survive the coronavirus crisis and the lockdowns that left many businesses shuttered for months. However, fears are rising that there will be a surge in insolvencies once the measures are rolled back.

"Is there a risk of going beyond catching-up with an increase beyond the 2020 bankruptcy 'deficit'? Nothing can be excluded, but nothing allows it to be anticipated today," Villeroy said.

Though bankruptcies in France were rising this year from 2020's lows, they remained significantly lower than in 2019, Villeroy told.

He said the central bank's monthly business climate survey showed cash levels were above long term averages in industry and heading that way in services, with the exception of sectors hardest hit by COVID restrictions like hotels and restaurants.


Keep up with latest Forex market news updates: Currencies, central banks, economic indicators for oil and gold trading – all you need to work effectively on Forex.

May 2021
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Sydney 21:00 06:00 00:00 09:00 00:00 09:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenCloseе
London 07:00 16:00 10:00 19:00 10:00 19:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
American New York 12:00 21:00 15:00 00:00 15:00 00:00
Session Financial Centres UTC/GMT
OpenClose
EET
OpenClose
Local Time
OpenClose
Chicago 13:00 22:00 16:00 01:00 16:00 01:00