Global stocks look for vaccine-led recovery, U.S. stimulus

FILE PHOTO: Pedestrians wearing facial masks are reflected on an electric board showing stock prices outside a brokerage at a business district in Tokyo, Japan January 30, 2020. REUTERS/Kim Kyung-Hoon/File Photo

E-Mini futures for the S&P 500 responded by rising 0.5%, while March Treasury bond futures slipped 4 ticks. EUROSTOXX 50 futures added 0.6% and FTSE futures 0.3%. Sterling firmed on both the euro and the dollar after Britain and the European Union agreed to continue talks on post-Brexit trade beyond Sunday’s deadline.

“That said, there is plenty of uncertainty and our economists, given the lack of progress in recent weeks, now see rising risks of a no-deal outcome.” The euro was up 0.2% on Monday at $1.2134 and within striking distance of its recent 31-month top of $1.2177. The dollar index stood at 90.797, near its recent trough of 90.471.

An extra wrinkle is the chance of a U.S. deal on fiscal stimulus after a top Democrat hinted they might compromise to get an agreement past Republican objections.

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.

New virus strain tumbles global stocks, oil prices, poundEquities around the world fall and oil prices plunge as concerns about a new coronavirus strain in UK overshadow optimism over a vaccine-fuelled rebound in economic growth.
Source: trtworld - 🏆 101. / 63 Read more »

Global stocks rise after Mnuchin says $600 stimulus checks will begin arriving this weekThe $600 stimulus checks are considered meager, but could provide a boost to the US economy, which has been slammed by the COVID-19 pandemic. Any chance of america moving to the latest century anytime soon? I don't think they are aware this stimulus isn't going to have the same effect as the last one.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Global Stocks Attract Investors After Covid-19 Vaccine RolloutMany money managers are focusing on emerging markets, which they expect to outperform as the global economy picks up in the wake of the Covid-19 vaccine rollout. Ha, wait until they find out Vaccine is useless to new Covid-19 strains. thanks for this news Merry Christmas)) While the rest of us are in breadlines
Source: WSJ - 🏆 98. / 63 Read more »

Japan stocks set to rise as IMF raises global economic growth forecastThe International Monetary Fund now expects the global economy to grow 5.5% this year, a 0.3 percentage point increase from October's forecasts. wow
Source: CNBC - 🏆 12. / 72 Read more »