Equities rise, lifted by relief over relaxation of rules on UK arrivals in France, which has boosted the pound.
President Donald Trump has criticized the $900 billion bipartisan stimulus bill that took months to pass, stoking concern he may hold it up. A decline in the dollar helped gold and silver, which proved to be some of the better-performing commodities, putting gold on track for its first monthly gain since July.Global equities, gold and the pound rose on Wednesday, despite President Donald Trump stunning markets by signalling he may refuse to sign off on the stimulus bill, which took months to agree. were up between 0.2 and 0.3%, suggesting a modestly higher start to trade later.
With a series of COVID-19 vaccines in the works, the stock market has rattled back to record highs this month, as investors anticipate how mass immunization will help economic activity return to more normal levels in 2021. But the prospect of another generous stimulus package for the US economy has been a key catalyst for the strength in the markets.
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