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.
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