Prospects for an EU joint stimulus deal feed into the positive mood
People stand in front of an electronic board showing a China stocks advertisement outside a brokerage in Tokyo, Japan. Picture: REUTERS/TORU HANAI
On Wall Street, tech shares jumped after several days in the doldrums, pushing the Nasdaq Composite up 2.51% to a record closing high on Monday. The S&P 500 also hit a five-month peak.EU leaders appeared close to agreement on a huge stimulus plan for their coronavirus-blighted economies, with EU Council president Charles Michel voicing confidence of reaching a deal on the €750bn recovery fund.
Advisers to President Donald Trump and congressional Democrats will discuss the next steps in responding to the coronavirus crisis on Tuesday. The positive mood, however, faces more reality checks later this month as earnings season will be in full swing in many countries in coming weeks.
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