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Stocks rise as signs of Trump’s improving health calm markets | Malay Mail

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TOKYO, Oct 5 — Stock markets rose today on hopes that President Donald Trump could be discharged from hospital later in the day, easing some of the political uncertainty that shook global bourses in the previous session. Trump, 74, was flown to hospital for treatment for the coronavirus on...

Doctors treating Trump say they are pleased with his progress. Relief about his health could fuel a rally in equities and other risky assets as investors prepare for the run-up to next month’s US presidential election. — Reuters pic

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.Australian stocks jumped 2.37 per cent for the biggest daily gain in almost two weeks. Japan’s Nikkei rose 1.39 per cent. China’s financial markets are closed for a public holiday. The dollar edged higher against the yen but fell slightly against the Swiss franc as traders jockeyed for position ahead of what could be a volatile day in global markets.Doctors treating Trump say they are pleased with his progress. Relief about his health could fuel a rally in equities and other risky assets as investors prepare for the run-up to next month’s US presidential election.

Democrat Joe Biden opened his widest lead in a month in the US presidential race, according to a Reuters/Ipsos poll released yesterday.

 

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