America COVID-19
Corona Updates
COVID-19
US Corona
Global stocks jump as analysts say widespread protests in the US will have 'little to no effect' on markets
Anadolu Agency via Getty
- Global stocks climbed on Tuesday as investors largely ignored mass protests in the US, threats from President Donald Trump to deploy military forces to quash the protests, and a backdrop of escalating US-China tensions.
- Stocks in Europe jumped Tuesday, with the pan-European Stoxx 50 up more than 3%. Futures for the S&P 500 rose 0.5%.
- Analysts say the rise in stocks could be explained by investors choosing to focus on unprecedented aid from central banks and government intervention.
- "Other than insurance and possibly reinsurance, the protests themselves should not directly impact financial markets," said Jeoff Hall, managing economist at Refinitiv.
- Visit Business Insider's homepage for more stories.
Global stocks climbed on Tuesday as investors largely ignored mass protests in the US, threats from President Donald Trump to deploy military forces to quash the protests, and a backdrop of escalating US-China tensions.
Futures for the S&P 500 rose 0.5%, while in Europe stocks rallied sharply, with the pan-European Stoxx 50 jumping more than 3% in morning trade.
See the rest of the story at Business Insider
NOW WATCH: How waste is dealt with on the world's largest cruise ship
See Also:
- Famed economist David Rosenberg says investors are falling into a classic market trap that's historically preceded a further meltdown — and warns 'there's not going to be much of a recovery'
- 'Embrace the coming crash': A notorious market bear who called the dot-com bust warns big tech stocks are on the verge of succumbing to the economy's downturn
- The European Union's $826 billion stimulus plan to battle the coronavirus is 'too small and too late,' analysts say
from Feedburner https://ift.tt/3drSVTk
No comments