US stocks have increased on renewed optimism that Congress can reach a deal with the Trump administration over a new coronavirus relief package.The Dow Jones is up 0.4pc to 28,309, while the S&P 500 adds 0.5pc to 3,443US President Donald Trump said he would accept a deal worth more than $US2.2 trillion despite opposition from Republicans in the Senate.
Ms Pelosi set today as the deadline for an agreement on new stimulus in the hope of getting a deal before the November 3 presidential election."I'm optimistic, because I do think we have … a shared value that finally they want to crush the virus," she said. The Dow Jones index rose 0.4 per cent to 28,309, the S&P 500 put on 0.5 per cent to 3,443 and the Nasdaq gained 0.3 per cent to 11,517.Shares in Google parent Alphabet put on 1.4 per cent to $US1551.08 despite the US Department of Justice launching a case against the internet giant for allegedly using its market power to unlawfully dominate web searches and search advertising.
Consumer firm Procter & Gamble said sales of home cleaning products jumped by one third because of coronavirus.European stocks fell as worries about coronavirus restrictions and Brexit offset optimism from strong earnings, including from Swiss bank UBS. In London, the FTSE 100 put on nearly 0.1 per cent to 5,889, the DAX in Germany fell 0.9 per cent to 12,737, and the CAC 40 in Paris dropped 0.3 per cent to 4,929.
It seems they got THAT wrong, with Trump saying he is considering pausing negotiations until after election.
Or renewed hope of realDonaldTrump being reelected?