Thursday 8 October 2020

Markets mixed as Trump reconsiders stimulus

Markets were mixed on Wednesday.

The S&P 500 jumped 1.7 percent but the STOXX Europe 600 dipped 0.1 percent. Asian markets mostly rose but Japanese stocks were little changed.

The US stock market was given a reprieve after President Donald Trump said that he would immediately sign individual stimulus measures, if sent to him, after previously calling off talks with the Democratic party.

Meanwhile, however, the COVID-19 situation continues to be a source of concern, with the number of US cases surpassing 7.5 million on Wednesday as nine states set seven-day records for infections.

In Europe, confirmed cases passed 6 million on Wednesday, with Scotland and Belgium the latest to introduce curbs on alcohol consumption.

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