Global stocks rise as hopes for prompt US fiscal stimulus revive the 'buy everything' trade
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Summary
"Even if the White House capitulates, getting that number through the Senate will be challenging," Jeffrey Halley, a senior market analyst at OANDA, said "With markets now totally ignoring the possibility of a fiscal stimulus package not happening and piling into the 'buy everything' trade, the correction if negotiations fall apart could be something to behold."Nonetheless, the more positive mood carried over to the European region, where the Euro Stoxx 50 index of euro zone blue-chip shares rose 0.3% and Germany's DAX rose 0.2%.London's FTSE 100 fell 0.2%, ahead of a slew of new COVID-19 restrictions across the country from Conservative Prime Minister Boris Johnson following an explosion in new cases.
As said here by Shalini Nagarajan