Stocks mixed, dollar higher after Trump leaves hospital

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LONDON: Stock markets diverged on Tuesday (Oct 6) as investors dwelt on US election uncertainty after President Donald Trump returned to the White ...

LONDON: Stock markets diverged on Tuesday as investors dwelt on US election uncertainty after President Donald TrumpTraders reacted to Trump's discharge from hospital as political concerns persisted before the presidential vote on Nov 3.READ: 'Don't be afraid' – Trump urges Americans to 'get out there' after return from hospital

Global equities had rebounded on Monday on reports of Trump's improving health, while lawmakers in Congress appeared to edge towards agreeing on a new stimulus package. Analysts said Trump's positive test for COVID-19 could be the jolt US lawmakers needed to finally agree a deal.Stimulus talks have revived with a series of mostly phone meetings between Treasury Secretary Steven Mnuchin and Democrat House leader Nancy Pelosi.

"As far as traders are concerned, talking is preferable to being in a stand-off and not engaging with each other," noted David Madden, analyst at CMC Markets UK.

 

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