This comes after a disjointed session yesterday, which saw Europe retreat but America rebound. While the market reacted in the red at the opening after the announcement of an unexpected increase in weekly unemployment claims, the trend reversed on the good news of an acceleration in new home sales in August in the United States.
Today’s session is influenced by the rather constructive comments made by elected Democrats and Republicans about the stimulus plan in the United States. But the timing remains highly uncertain: before or after the presidential election of November 3?
Investors welcomed new hopes for an agreement on new US fiscal measures, as a rumor spread that there might be a resumption of negotiations between Republicans and Democrats for an aid package. U.S. Treasury Secretary Steven Mnuchin said he spoke with Democratic House leader Nancy Pelosi.
However, coronavirus is spreading fast in Europe. The European Union on Thursday called on its member states to tighten their control measures "immediately" in the face of new outbreaks of Covid-19.
More than five million people have been infected in Europe, and the European Centre for Disease Prevention and Control (ECDC) said Thursday that it is "very concerned" about seven EU countries: Spain, Romania, Bulgaria, Croatia, Hungary, Czech Republic and Malta.
Today on the agenda, we have the ECB publishes the evolution of the M3 money supply and U.S. August Durable Goods Orders.