After a series of declines in the value of Apple shares, and many other companies, due to the outbreak of coronavirus or COVID-19, it seems that the financial market is beginning to recover. The shares of the American company begin to rise slightly and although it has not yet reached its top that it marked a few months ago, things are looking good.
Tim Cook was interviewed and argued that he fully trusted the Chinese authorities. Apple shares have risen in value in the financial market. It has not been solely by the words of the CEO of Apple.
Apple shares close to $ 300 on the financial market
Little by little the financial crisis, if one can speak of a crisis as such, related to the expansion of the coronavirus from China to almost all the countries of the world, is being slowed down. Financial markets are beginning to regain confidence and stocks are beginning to return to their previous state. This is what is happening with Apple and other companies.
This recovery is fundamentally defined for the control that the Chinese authorities are exercising over the pandemic. Also because companies are beginning to be optimistic about the measures taken. Tim Cook recently expressed his optimism in this field and now it is beginning to be seen that he was not wrong.
Although there is still much to recover, Apple shares are right now about $ 293, to the state before when the health crisis began, forecasts point to stocks continuing to rise. And this despite the fact that the company will not be able to achieve the financial objectives set.
Everything is being possible, also thanks to the statements that el Governor of the Bank of Japan. Haruhiko Kuroda said on Monday that the central bank would take the necessary measures to stabilize financial markets.
What is clear is that Apple will soon see its shares return to values above $ 300 and if the economy begins to rebound it is good news. Now it only remains for the COVID-19 outbreak to begin to wane.
