Global stocks rally on rising hopes for US stimulus measures

[NewsFeeder]

Global stocks rally on rising hopes for US stimulus measures

Global equities have rallied on growing expectations the US will deploy a new round of stimulus measures to steady the world’s biggest economy. London’s FTSE 100 gained 2.2 per cent in morning trading on Tuesday, while the region-wide Euro Stoxx 600 added 2 per cent, pushed higher by Frankfurt’s Xetra Dax rising 2.2 per cent. Futures markets tipped US stocks to rise further when trading begins on Wall Street, with S&P 500 futures up 1 per cent. A report by Bloomberg that the Trump administration is preparing a $1tn infrastructure spending package to stimulate economic growth helped to inject an upbeat mood in the markets, said Jim Reid, strategist at Deutsche Bank.

https://finance.yahoo.com/m/2885190.../global-stocks-rally-on-rising.html?.tsrc=rss

 

[Bullitt]

EU just passed an $800B stimulus bill. I'm thinking the markets are expecting the US to double what EU did, so anything less than $1.5T may disappoint. $1T is probably already factored in and I think I already smell pork.

Although the European response is spread across EU institutions, the European Central Bank, and the individual nations governments, economists say the stimulus figure is weighty enough to impress international investors so they will keep lending to indebted countries such as Italy and avoid another debt crisis.

The 750 billion euro recovery fund comes on top of a 1.1 trillion euro, seven-year EU budget that pays for the union's agricultural support, projects to help poorer members catch up and myriad other programs.

https://abcnews.go.com/Internationa...package-breaks-ground-european-unity-71894014