Tuesday, 11 Aug 2020 07:30 AM MYT
On Wall Street, the Dow industrials touched a more than five-month high but the Nasdaq fell as much as 1.5 per cent, after hitting a record high last week. President Donald Trump has sought to take matters into his own hands by signing executive orders and memorandums aimed, among other things, at continuing unemployment benefits. The figure he put forward is less than the benefit passed earlier in the health crisis, however.
The pan-European STOXX 600 index rose 0.30 per cent and MSCI's gauge of stocks across the globe gained 0.15 per cent. “The oil complex is heavily reliant on that aid. We need people to be able to boost economic activity to spur demand,” said John Kilduff, partner at Again Capital in New York.