LONDON - Coronavirus treatment hopes nurtured risk assets on Monday, lifting stocks for a second straight session and weighing on safe-haven Bunds, while markets geared up for the U.S. Federal Reserve’s annual Jackson Hole meeting later in the week.
Their advance came on the heels of healthy gains in Asia, where MSCI’s broadest index of Asia-Pacific ex-Japan shares jumped 0.8% to flirt with last-week’s six-month high and Japan’s Nikkei added 0.3%. The announcement came on the eve of the Republican National Convention, where Donald Trump will be nominated as the party’s candidate for the presidency for four more years.
Coronavirus infection rates have been creeping up again in various parts of the world, especially European countries. “Fed chair Powell will speak on the Fed’s Policy Framework Review, and we see a possibility for the Fed to shift to an average inflation target or at the least change its wording regarding inflation overshooting the target,” SEB’s Lina Fransson said in a note to clients.
The British pound strengthened a touch to $1.3127 after declining 0.9% on Friday on lack of progress in post-Brexit trade talks with the European Union.
The American media don't see the validity of blood plasma treatments, but Asia does. They see a reason to celebrate.
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Global stocks jump as investors pin hopes on coronavirus treatmentAsian shares advanced for a second straight session on Monday, underpinned by coronavirus hopes after the U.S. Food & Drug Administration (FDA) authorised the use of blood plasma from recovered patients as a treatment option. FKe news agency will face consequences What treatment, you mean the treatment that has been around and used in all countries since Feb! Oh yeah, that's definitely breaking news.
Source: Reuters - 🏆 2. / 97 Read more »
Global stocks rally as investors pin hopes on coronavirus treatmentAsian shares advanced for a second straight session on Monday, underpinned by coronavirus hopes after U.S. regulators authorised the use of blood plasma from recovered patients as a treatment option. Congrats to the federalreserve and stevenmnuchin1 they managed to make the stock market look like a ridiculous casino In the worst environment ever the rich are getting richer while millions of workers lost their jobs and starving ad infinitum 🥱 Hope lifts the heart but the algos 'manage' the share prices.
Source: Reuters - 🏆 2. / 97 Read more »
Global Stocks Rally on Potential Coronavirus TreatmentU.S. stock futures gained, putting the S&P 500 on track for a record high, as optimism about a potential treatment for the coronavirus buoyed markets This can’t be the reason markets are buoyed - probably more related to pragmatism of corporates adjusting to reality that we’ll have to deal with this virus ourselves Running dog of ccp devil Meanwhile millions of Americans are unemployed. Millions more barely can pay their bills. Even more can barely afford to purchase a car let alone a house. 50% do not own stocks. The haves have fully taken control
Source: WSJ - 🏆 98. / 63 Read more »