Wednesday, 22 Jul 2020 04:35 PM MYT
News that trials on a vaccine had shown early promise provided a much-needed boost to equities, particularly as a spike in new infections around the world has caused governments to reimpose business-strangling containment measurements. However, while Democrats have drawn up a new US$3.5 trillion plan, Republicans and officials in the White House are bogged down trying to draw up their own package, which is said to be around US$1 trillion.
“No lawmaker, especially in an election year, wants to... be accused of being frugal when people are dying across the US Sunbelt at record levels.” Morgan Stanley strategist Andrew Sheets said stocks would have trouble pushing much higher without a key driver.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks, euro rally on EU's massive recovery fund | Malay MailNEW YORK, July 22 ― World shares rallied to their highest since February and the euro hit its strongest in 18 months yesterday after European Union leaders agreed on a landmark stimulus package to revive regional economies ravaged by the coronavirus. The agreement after five days of haggling...
Source: malaymail - 🏆 1. / 86 Read more »
S&P 500 closes slightly higher as stimulus hopes lift cyclical stocks | Malay MailNEW YORK, July 22 ― The S&P 500 edged higher yesterday, as investors rotated into economically sensitive cyclical stocks, optimistic that Washington will deliver a new round of stimulus to sustain the US economic recovery from a pandemic-induced recession. Financial, industrial and energy...
Source: malaymail - 🏆 1. / 86 Read more »
Hong Kong stocks finish sharply lower | Malay MailHONG KONG, July 22 — Hong Kong shares tumbled today following the previous day’s rally and with investors spooked by a record jump in infections in the city that many fear could see stricter containment measures introduced. The Hang Seng Index sank 2.25 per cent, or 577.72 points, to 25,057.94....
Source: malaymail - 🏆 1. / 86 Read more »
Hong Kong stocks close with big gains | Malay MailHONG KONG, July 21 — Hong Kong stocks rallied more than two per cent today, in line with a global advance, as positive results from early trials fanned hopes that scientists are on track to create a virus vaccine. The Hang Seng Index rose 2.31 per cent, or 577.67 points, to 25,635.66. The...
Source: malaymail - 🏆 1. / 86 Read more »
Tokyo stocks close lower on pre-holiday profit taking | Malay MailTOKYO, July 22 ― Tokyo stocks closed lower today as investors locked in profits ahead of a four-day holiday weekend in Japan. The key Nikkei 225 index fell 0.58 per cent, or 132.61 points, to end at 22,751.61 while the broader Topix index lost 0.62 per cent, or 9.78 points, to 1,572.96. “Mixed...
Source: malaymail - 🏆 1. / 86 Read more »