Daily Market News: Trump departs hospital, markets eye stimulus deal LeapRate

October 06, 2020 BY Steffy Bogdanova

Daily Market News: Trump departs hospital, markets eye stimulus deal

What to watch Paychex: Small business human resource, payroll and benefits outsourcing firm Paychex’s share price is close to flat year-to-date, lagging the broader market, as widespread unemployment puts its business model under pressure. The company delivers its latest quarterly earnings update on Tuesday, with Wall Street analysts expecting an earnings per share figure of…

October 06, 2020 BY Steffy Bogdanova

Daily market commentary: The Dollar Index is almost flat

EUROPEAN SHARES Monday’s optimism on President Trump’s improving health conditions as well as hopes of further stimulus from US lawmakers recently had an important bullish impact on both US and Asian stock markets, however, this sentiment isn’t continuing in Europe today after benchmarks opened mixed. While many investors welcomed the good news from the US,…

October 05, 2020 BY Steffy Bogdanova

Daily Market News: Stocks gain on chance Trump leaves hospital on Monday

What to watch Restaurant Group: London-listed Restaurant Group is the firm behind brands such as Wagamama, Frankie & Benny’s and Coast to Coast. As is the case for the restaurant industry as a whole, the pandemic has put a huge dent in the firm, which has seen its share price fall by more than 67%…

October 02, 2020 BY Valentina Kirilova

Daily Market News: Trump catches Covid; Congress approves $2.2trn stimulus package

The House vote came after a variety of economic data was released on Thursday, which contained some potential red flags. Personal income fell 2.7% in August, while initial weekly jobless claims remained stubbornly high at 837,000. The week has been littered with news of major corporate job cuts coming down the pipeline, and the US…

Tag: Trump Covid