- European stocks hovered near a two-week high on Wednesday as upbeat earnings reports from UK’s Tesco and Germany’s Dialog Semiconductor helped offset uncertainties surrounding a fresh U.S. stimulus package.
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 6, 2020. REUTERS/Staff Asian stocks and U.S. futures also recovered from sharp losses that were sparked by U.S. President Donald Trump abruptly calling off talks with Democratic lawmakers on the coronavirus relief legislation until after the election. [.N]
Later on, Trump urged Congress to provide $1,200 stimulus checks for Americans and other support for airlines and small businesses. “You can look at this as partly a negotiating tactic,” said Craig Erlam, senior market analyst at Oanda in London. “You call off talks now in the hopes that the Democrats will cede a little bit a ground. But I’m sceptical we’ll get one before the election.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer reveals a list of stocks worth buying after Trump shut down stimulus talks'Without [a stimulus package], numbers will have to come down for a whole host of companies, but not technology,' the 'Mad Money' host said. Lemme guess VXX? The only thing I would buy is gold
Source: CNBC - 🏆 12. / 72 Read more »
Stocks erase gains after Trump calls off stimulus talksStocks dropped suddenly on Wall Street after President Trump ordered a stop to negotiations with Democrats over another round of stimulus for the economy. Trump crashing the economy... like a child slamming doors on their way to their room after getting grounded... he needs his binky It's all about money, but what's more important that this? Welp!
Source: latimes - 🏆 11. / 82 Read more »
Stocks drop after President Trump calls off stimulus talksStocks dropped suddenly on Wall Street Tuesday afternoon after President Donald Trump ordered a stop to negotiations with Democrats over another round of stimulus for the economy, which has been punched into a recession by shutdowns related to the coronavirus pandemic. The series of tweets from the jayfonsecapr Mira esto. Salio del hospita y cancelo el movimiento de las negociaciones de los cheques de estimulo. PERO Y QUE ES Hay miles de millones que les hacen falta este dinero Trump is going to get Amy Coney Barrett on the Supreme Court first! That will be 3 in 4 years! How many did Obama get on the Supreme Court during his 8 years? Hahaha idiot
Source: YahooNews - 🏆 380. / 59 Read more »
Stocks drop, Dow down over 300 points as Trump halts stimulus talksThe Dow Jones Industrial Average gave up a gain of more than 100 points to trade more than 300 points lower on the day after President Donald Trump tweeted... so is Trump just helping the stocks market or not? I am kind of confused here... Trump was in poor health, high risk by age, had severe symtoms including fever, avoided respirator, took all 3 major drugs for covid (cocktail), and was out in 48 hours. What the heck is rest of country doing? Easy. They know that if people don’t have money, they can’t help boost the economy.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks suddenly drop after Trump calls off stimulus talks, Dow down 200 pointsStocks were lower after President Donald Trump instructed White House officials to halt negotiations on further coronavirus stimulus. Duh! The guy that touted his negotiating skills in 2016 couldn’t work a deal with the Dems now or even try with BLM over the last few months. Hey MAGA has it sunk in yet that you’ve been duped? The rest of us figured it out years ago. Shooting yourself in the foot to own the libs. A relief package could've been a big win for everyone, instead this likely sealed it for the Dems. Biden2020
Source: CNBC - 🏆 12. / 72 Read more »