Stocks recover on signs of Trump's improving health

MILAN: Stocks and other risk assets rose on Monday as signs that Donald Trump's health was improving brought relief to markets after the uncertainty of his COVID-19 infection sent investors rushing for safety last week.

Overhanging the relief rally, however, were concerns that Trump's case could be more severe than public disclosures suggest, and that more restrictive measures by governments to slow coronavirus infections could harm the economic recovery. IHS Markit's final composite Purchasing Managers' Index fell to 50.4, just above the 50 mark separating growth from contraction.

According to a Reuters/Ipsos poll released on Sunday, Democrat contender Joe Biden opened his widest lead in a month in the U.S. presidential race. Brent prices were up 2per cent at US$40.1 a barrel and U.S. West Texas Intermediate added 2.2per cent to US$37.9 a barrel.

oh what a pathetic society we have become.

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Источник: BusinessTimes - 🏆 15. / 51 Прочитайте больше »

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Источник: ChannelNewsAsia - 🏆 6. / 66 Прочитайте больше »

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