European stock markets surged Monday on hopes of a coronavirus vaccine, while the dollar waned on continued deadlock over a new US stimulus deal, dealers said.
The move by the Food and Drug Administration comes as President Donald Trump faces intense pressure to curb the contagion that has hobbled the world’s largest economy and clouded his once-promising prospects for re-election in November. Investors will this week be keeping an eye also on a virtual gathering of central bankers at Jackson Hole, Wyoming, for monetary policy guidance after they have already provided already a wall of cash to support the global economy during the pandemic.
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