Global stocks mostly rose on Friday, October 9, amid increased hopes for a United States stimulus package following the latest statements from President Donald Trump and rising confidence about coronavirus therapeutics.
The White House on Friday beefed up its offer, proposing a $1.8-trillion package as Trump himself said on a radio show that he favored an even larger package. That news follows announcements by Regeneron Pharmaceuticals and Eli Lilly earlier in the week on COVID-19 therapies that have boosted confidence in effectiveness of the treatments for the virus.
"The gist is that, the more confidence there is in potential treatment plans, the more confidence there will be in a potential return to normal activity," he added.
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