Stock markets have now posted three consecutive days of gains on hopes of government stimulus and faith in central banks. But today is a long Friday with the question of whether the U.S. House of Representatives can get a vote on the $2 trillion bailout. Or whether the whole thing will be significantly delayed (which would be bad news for stock markets). The US is now the world’s number one coronavirus-infected country, ahead of China, with New York still the main focus. The rise in unemployment in the US exceeds anything seen in other crises in recent decades. And Germany’s car companies are collectively downgraded by the rating agency S&P. But otherwise everything is bullish.
Stock markets have risen recently for two main reasons. Firstly, due to the liquidity tsunami mainly caused by the Fed. Secondly, due to hopes of a rapid economic recovery through the softening of the lockdown. […]
The Dax was able to recover recently – but is this rise really continuing? The stock markets are known to trade the future. While some are still in the presence panic, the big capital is […]
According to an insider report, it is unlikely that the Phase 1 trade war deal between the US and China can be concluded by the end of the year. It’s just stupid that this Phase […]