Best week for markets since April

Stock markets in the US and around the world soared last week, delivering their best week since April. The SP 500, FTSE 100 and Eurostoxx 600 were up by 7.3, 6 and 7 respectively. Before US election results began to be reported on Tuesday night, stocks had made gains on the back of optimistic polling data that raised the possibility of a blue wave, with the Democrats taking the White House, Senate and House of Representatives. The hope there was that Democrat control meant a faster path to a new fiscal stimulus package. However, while Joe Biden has now been confirmed as the new president and the Democrats have retained a majority in the House, control of the Senate is still up in the air and may be until January. That raises the prospect of a socalled goldilocks scenario for investors, with less volatile leadership and an improved chance of stimulus, but a reduced likelihood of tax increases and regulation if the Democrats fail to take the Senate.

Related articles



Please enter your comment!
Please enter your name here

Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.

Please Enter Your Email Address:

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Share article

Latest articles

Nasdaq posts worst weekly loss since October

Last Week's Top Five Market Winners Nasdaq Stock Market (NASDAQ) The past week showed significant gains for TripAdvisor Inc. (TRIP), PDC Energy Inc. (PDCE), Goodyear Co....

Cardano bucks the trend as crypto market pulls back

Bitcoin falls alongside stocks after tagging $58K The Bitcoin rally hit a speed bump last week, pushing prices down to $43K as the stock market...

What Sunaks statement could mean for the investors

When Rishi Sunak delivers this year's Budget on March 3, attention will be on what measures the Chancellor enacts in response to an economy...

Most profitable investors who have finished over 3 years in profit

Predicting the markets has never been easy, but you could say 2020 has taken things to a whole new level. As COVID-19 entered our...

Information update on SWAP rollover, TomNext rates 24.02

Dear Clients! Please be advised that starting from February 26th 2021 Renesource Capital AS IBS has changed and updated rollover (SWAP, TomNext) rates for currency...