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Renewed Stimulus Talks Spurs on Stocks
The US index hinted at exhaustion at it closed 0.10% lower yesterday, after gaining 2.4% over the month.
The 7-week high led to a pullback as US jobless claims were disappointing. Claims crept higher as the pace of the economic rebound showed signs of stagnating.
US stocks reacted positively to news of efforts to enact further stimulus in Washington. This led to indices closing higher on Thursday.
Apple, Amazon, Facebook and Tesla all managed gains as the session came to a close.
Democrats in the House of Representatives are working on a $2.2 trillion coronavirus stimulus package that could be voted on next week.
The Euro Turns Positive but for How Long?
The euro closed 0.08% higher yesterday, as it managed to turn around an unpleasant week against the dollar.
This was despite PMI figures signaling a stalling economy as the rebound from COVID-19 fades.
However, Germany and France, the eurozone’s two biggest economies, saw manufacturing rise in Sep...
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