US stocks have surged after the US President said he would be discharged from hospital later today and on hopes of more stimulus for the US economy.US investors hopeful about new stimulus and Donald Trump's recoveryDonald Trump has been in hospital in Washington since late Friday after testing positive to coronavirus, which rattled share markets in the run up to next month's US presidential election.
Shares of Regeneron Pharmaceuticals jumped 7.1 per cent to $US605.08 after Dr Conley said Mr Trump had been treated with Regeneron's dual antibody treatment. US House Speaker Nancy Pelosi and US Treasury secretary Stephen Mnuchin spoke by phone for about an hour about new stimulus. The Institute for Supply Management said its non-manufacturing activity index rose to 57.8 last month from 56.9 in August.The ISM said last week that manufacturing had slowed last month as new orders fell back from the highest level in more than 16 years.The FTSE 100 index increased 0.7 per cent to 5,943, the DAX rose 1.1 per cent to 12,828 and the CAC 40 in Paris added 1 per cent to 4,872.
To be fair, the stock market rises if potus has a good b m.
What a joke, Trump has not even passed the 7 day mark, when it becomes clear if it's going to progress into severe covid.