Men wearing protective face masks chat in front of a screen displaying Nikkei share average and world stock indexes outside a brokerage, amid the Covid-19 outbreak in Tokyo Octboer 5, 2020. — Reuters pic
While the broad view is that a new spending package will get passed eventually, the comments reinforced expectations that there will be nothing before next month’s presidential and congressional elections.“The latest twist I heard is nothing is going to get done until the election. That’s why I think you’re getting the market selling off a little bit.”
France yesterday imposed a curfew in Paris and eight other cities — covering almost a third of the country’s population — for as long as six weeks, while Germany and Ireland also ramped up restrictions. ‘Rough winter’ warning “France, Spain, Italy, the UK, and Germany are all under pressure, and since the recent economic releases already showed worrisome trends, the contingent might be heading for a rough winter.”