Stocks Point Mildly Higher On Stimulus Hopes
Fiona Cincotta July 17, 2020 7:23 AM
European bourses are pointing to a mildly higher open as hopes of further stimulus from governments across the globe overshadow rising global coronavirus cases.

Asian markets edged higher overnight and European bourses are pointing to a mildly higher open as hopes of further stimulus from governments across the globe overshadow rising global coronavirus cases.
Will EU leaders agree at summit?
Stimulus will also be in focus as EU leaders physically meet in Brussels to discus the coronavirus recovery response and a new long-term budget.
Differences remain between some nations regarding the EU recovery fund; a fund which is planned to help those EU countries most affected by the coronavirus pandemic. Thee happen to be mainly southern European countries. The Frugal Four, Sweden, Denmark, Austria, and the Netherlands want the fund to be smaller and more focused on loans rather than grants.
Across the Atlantic optimism the US policymakers will agree to additional stimulus as the world’s largest economy battles rising covid numbers, is helping offset the fear that the economic recovery will be undermined.
FTSE Chart
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
For further details see our full non-independent research disclaimer and quarterly summary.