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Stocks rise as signs of Trump's improving health calm markets

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NEW YORK: Stock markets rose on Monday (Oct 5) on hopes that President Donald Trump could be discharged from hospital later in the day, easing ...

That helped US S&P 500 e-mini futures rise 0.82 per cent in Asian trading, while Nasdaq futures gained 1.11 per cent.Advertisement

"For the dollar, the impact is not quite as clear cut. It should fall against most currencies due to an increase in risk appetite, but the yen is also weak, and that's the one currency the dollar can rise against." With less than a month until the presidential election on Nov 3, Trump's contraction of the coronavirus is another source of market volatility that makes the outcome of the vote even more difficult to predict.Democrat Joe Biden opened his widest lead in a month in the US presidential race, according to a Reuters/Ipsos poll released on Sunday.

 

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