Led by the Dow Jones, the European indices all improved as Tuesday went on – though that didn’t mean all that much for the FTSE.
Now that Trump, irresponsibly or otherwise, is out of hospital and back at the White House, hopes appear to have been stirred that the Democrats and Republicans can finally – FINALLY – get a new covid-19 stimulus package over the line. That is unless the number of covid-19 cases on Capitol Hill continues to grow.
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are set to engage in talks once again this Tuesday, so investors will be keeping an eye on any updates emanating from Washington.
The Dow Jones added half a percent after the bell, surging past 28,270 for the first time in close to a month.
This allowed the Eurozone indices to stretch their legs, with the DAX up 0.7%, crossing 12900, and the CAC rising 0.6%, knocking on the door of 4900.
The FTSE, sadly, lagged behind its peers, essentially flat just under 5950. That is an improvement on where it was at the start of the day, however, when it was down more than half a percent.
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