US stocks tumble; Paris hit by glitch

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Investors remain focused on the chances for more US fiscal stimulus ahead of the November 3 presidential election, but time is dwindling.

United States and European stock markets were mostly lower on Monday, October 19, as a technical hiccup hit Paris and investors saw dwindling chances of a US stimulus package., Euronext annulled all trades after 5:30 pm , meaning the Paris benchmark CAC 40 index closed 0.14% higher, rather than 0.1% lower as originally calculated.

Frankfurt slipped by 0.4%, and London lost 0.6% as sterling rose, which weighs on the share prices of multinationals earning in dollars.Investors remained focused on the chances for more US fiscal stimulus ahead of the November 3 presidential election as President Donald Trump trails far behind his Democratic challenger, former vice president Joe Biden.

"As time goes on, it's less and less likely that we get the stimulus package before the election," Sam Stovall, chief investment strategist at CFRA Research, told Agence France-Presse .Trump has proposed a $1.8-trillion package and indicated he would go higher, while Democrats in the House of Representatives have approved a $2.2-trillion measure.

Pelosi and Mnuchin spoke again on Monday and"continued to narrow their differences," Pelosi spokesman Drew Hammill said after markets closed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines