World stocks edge to 5-month high on hopes of US stimulus package
Investors are still cautious, however, as South Korean exports drop and the UK sees its biggest loss of jobs since 2009
11 August 2020 - 11:19
London — World stocks edged to 5.5 month highs on Tuesday, lifted by bets that a US fiscal stimulus package will be reached and by signs that China-US tensions have eased ahead of a crucial round of trade talks.
While investors took cheer from an order from US President Donald Trump restoring some enhanced unemployment payments and suspending payroll taxes, the mood is watchful as sparring continues in the US Congress over extending fiscal stimulus...
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