US stock markets look set to break a four-day losing streak later, with the futures contracts for all three major indices trading higher in the overnight session.
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The focus of traders’ attention shifted from concerns about the virus resurgence to hopes for a US stimulus package. As a result, the market sentiment improved, driving riskier currencies and stocks to the upside.
US stocks are set to extend Monday’s losses when markets open later, as concern about the spread of lockdown measures to tackle the pandemic returns to haunt cyclical stocks.
All attention on the market is on the Brexit process. Fears over the no-deal Brexit pushed the British pound deep down.
All attention on the market is on the Brexit process. Fears over the no-deal Brexit pushed the British pound deep down yesterday after UK Prime Minister Boris Johnson claimed he was ready to abandon negotiations.
S&P 500 takes a pause near the all-time high, while the US dollar remains at the lowest levels since 2018.