Global stocks rise as signs of Trump’s improving health calm markets

Global Stocks NYSE Trump

Stock markets rose on Monday 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 Friday, but his doctors say he has responded well and could return to the White House on Monday. That helped U.S. S&P 500 e-mini futures rise 0.82% in Asian trading, while Nasdaq futures gained 1.11%. MSCI’s broadest index of Asia-Pacific shares outside Japan rose…

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Are stocks heading for a further correction?

global stocks

By Hussein Sayed, Global equity markets are showing some signs of stabilisation following two brutal days late last week which dragged the S&P 500 and the tech-heavy Nasdaq 100 down by 4.3% and 6.4%, respectively. There was no specific trigger to the selloff but after extreme bullishness driven by monetary and fiscal policies, stock prices reached levels that could no longer be justified by fundamentals. There is no doubt that the investment environment has drastically changed compared to a few years ago. Given the new approach of the Federal Reserve towards…

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