(RTTNews) – European stocks could open on Monday on a positive note, most likely to remain cautious in a stalemate in U.S. economic stimulus negotiations, warming tensions between the US.
The U.S. Senate is scheduled to enter the Senate on August 7, leaving Republicans and Democrats short to reach agreement on the new stimulus package.
White House chief of staff Mark Meadows warned Sunday that he is confident that an encouragement agreement will soon be reached.
As the United States enters a new phase of the pandemic, a senior Federal Reserve official on Sunday urged Congress to act to spend big on coronavirus relief efforts and suggested a fresh lockdown.
Trump management will soon announce measures opposed to “a wide range” of Chinese-owned software to present national security risks, U.S. Secretary of State Michael Pompeo said.
According to media reports, Trump agreed to give ByteDance forty-five days to negotiate the sale of the popular TikTok short video app to Microsoft Corp.
Asian markets are operating in combination, a personal survey showed that Chinese factory activity grew at the fastest rate of the decade in July.
The dollar regained ground when Japanese finance minister Taro Aso described the recent rise in the yen as “fast.” Gold rose while oil costs fell due to oversupply considerations, as OPEC and its allies reduced production cuts in August.
In the other aspect of the Atlantic, reports on production and activity, structure expenses, factory orders, U.S. industry deficits, weekly job demands, and job knowledge per month may indicate the speed of recovery this week.
U.S. stocks ended higher on Friday, as the improved-than-expected quarterly effects of several primary-generation corporations overshadowed the continuing uncertainty over the government’s upcoming coronavirus assistance circular.
The Dow Jones Industrial Average rose 0.4%, the Nasdaq Composite heavy technology index 1.5% and the S.P.500 0.8%.
European markets fell on Friday as fears about viruses persisted, the UK reintroduced new restrictions on coronaviruses in parts of the north of England, and knowledge showed that the eurozone economy at the highest rate ever recorded in the quarter amid the coronavirus pandemic.
Pan-European Stoxx six hundred dropped by 0.9%. El DAX de Alemania se deslizó en parte con un incentivo consistente, el índice CAC 40 de Francia perdió 1.4 con el centavo y el FTSE del Reino Unido cien cayó 1.5 con el centavo.