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

Comments

LEAVE A REPLY

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

XM Global Forex Awards 2020

We are proud to announce that Global Forex Awards 2020 has awarded us with:Global Forex Broker of the Year Best Forex Affiliate Broker Programme -...

Quick Start bonus live stream with Nour Eldeen AlHammoury

One of the reasons why many traders begin to use FBS Trader is Quick Start bonus. The seven-step onboarding bonus with $100 to trade...

Dreams Come True Winner Helped His Uncle Get Prosthetic Leg

Error fetching full content with error: 500 ()

New Year gift from InstaForex

December is here. Snowflakes are falling silently outside the window... So, it is time for a cup of hot chocolate, a warm and cozy...

Oil gains on OPEC cut talks

OPEC will resume talks today with a view to planning for 2021 and the continuation of output cuts to support the oil price in...

Newsletter