(RTTNews) – European stocks are likely to stick to their more common upper Asian peers after strong gains overnight on Wall Street. Investor hopes for an economic recovery were raised with the signing through US President Donald Trump of the strong pandemic and the expense bill and the Brexit industry deal.
Trump signed a $ 900 billion economic aid package for the coronavirus and a $ 1. 4 trillion package to fund government agencies, avoiding the shutdown of the federal government that would have on Tuesday.
Investor sentiment will also reflect the U. S. House of Representatives resolution to Trump’s proposal and the vote to increase stimulus checks to $2,000 instead of $600. La proposed has now been sent to the Republican-controlled Senate for vote.
Trump had resisted signing the law in the past, complaining that $600 bills for Americans at most were too low.
The large deployment of coronavirus vaccines in Europe, the United States, the United Kingdom and many other countries will also stoke investors’ hopes of returning to normal in the coming months, despite considerations about the spread of new variants of the coronavirus.
In economic news, knowledge of Sweden’s foreign industry is expected at 3:30 a. m. Et.
On Wall Street, stocks closed higher on Monday in reaction to the announcement that Trump nevertheless signed the government spending and coronavirus relief bill, while business activity remained subdued ahead of the holiday season. Friday New Years.
Major European markets also closed upwards on Monday. The German DAX index rose 1. 5% and the French CAC 40 index rose 1. 2%. The UK market closed for Boxing Day.