US futures indicated that the S&P 500 would open around 0.6% up - just shy of the tally needed to set a new high above 3,386.2 points.
Analysts say US stock markets have felt more of a benefit from a flood of government money and central bank support - with tech stocks outperforming given relative immunity from coronavirus disruption. While investors are seeking additional stimulus from the world's largest economy, a threat to the resurgence in values is the continuing war of words between the Trump administration and China - the second-largest economy in the world.Ahead of virtual trade talks later this week, China said it planned to impose sanctions on 11 US individuals including Republican Senators Marco Rubio and Ted Cruz citing their criticisms of China's recent actions in Hong Kong.
There are also reasons to fear a hit to recent risk sentiments in Europe from coronavirus, according to Craig Erlam, senior market analyst at OANDA. He said:"Obviously it's worth noting that we are starting to see resurgent in cases in parts of Europe which may quickly damage this new-found confidence. These numbers are volatile at the best of times."
The rich find a way to get richer and working suffering the misery of losing jobs, this just doesn't add up. We are not and never have been it all together.
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Source: The Guardian - 🏆 84. / 53 Read more »