Stock recover on signs of improving Trump’s health

MILAN (Reuters) – Stocks and other risk assets rose on Monday as signs that Donald Trump’s health was improving brought relief to markets after the uncertainty of his COVID-19 infection sent investors rushing for safety last week. The U.S. President, 74, was flown to a hospital for treatment on Friday, but his doctors said he had […]

Goldman Sees ECB Boosting Pandemic Asset Purchases in December

(Bloomberg) — Goldman Sachs Group Inc (NYSE:GS). foresees the European Central Bank boosting its pandemic bond-buying program by 400 billion euros ($470 billion) in December, after euro-zone inflation weakened further. The ECB is also likely to extend the emergency asset-purchase operation, known as PEPP, by six months through the end of 2021, analysts at the U.S. bank […]

JPMorgan names two senior wealth managers for Russia

ZURICH (Reuters) – JPMorgan (NYSE:JPM) is looking to bolster its Russian private banking team with two new appointments, the bank said in an internal memo seen by Reuters. Anton Denisov, previously a senior relationship manager at Credit Suisse (SIX:CSGN) responsible for ultra-rich clients in emerging markets, will join the U.S. lender’s Zurich office as a senior banker, […]

Trump Recovery, Services PMI, Stimulus Hopes – What’s up in Markets on Monday

President Trump could leave hospital as soon as later Monday, while his infection has given stimulus talks fresh impetus while the Covid-19 pandemic continues to batter the globe. Stocks are set to push higher, while oil prices are rebounding from a three-week low. The September ISM services PMI release is also due. Here’s what you […]

Regeneron, Navistar Rise Premarket; AMC Entertainment Falls

Stocks in focus in premarket trade on Monday, October 5th. Please refresh for updates. Regeneron (NASDAQ:REGN) stock rose 5.3%, climbing after President Trump was given the company’s experimental Covid antibody treatment, suggesting that the drug was likely to be approved for general use in the future. The biotech was also upgraded to “overweight” from “neutral” by […]

U.S. coronavirus relief bill complicated by top Republicans testing positive

WASHINGTON (Reuters) – The renewed effort in the U.S. Congress to reach a fresh deal to pump coronavirus relief funds into the pandemic-hit economy has been further complicated by the news that President Donald Trump and three Senate Republicans have tested positive. Word about the three senators’ results prompted Senate Majority Leader Mitch McConnell to […]

Wall Street set to jump on stimulus hopes, hints of Trump hospital discharge

Reuters) – Wall Street was set to jump at the open on Monday as doctors said President Donald Trump could be discharged from the hospital where he is being treated for COVID-19, while hopes of a new fiscal stimulus bill also lifted sentiment. Sequestered at Walter Reed National Military Medical Center outside Washington since Friday, […]

Trump’s medical status unclear as doctors say he could be discharged on Monday

President Donald Trump could be discharged from the hospital where he is being treated for COVID-19 as soon as Monday, according to his doctors, although his condition remains unclear and outside experts warn that his case may be severe. Sequestered at Walter Reed National Military Medical Center outside Washington since Friday, Trump has released a […]