According to a recent news report in the Bloomberg, written by Claire Ballentine and Vildana Hajric, stocks are mixed and oil price rises most in almost three weeks.
Oil market gains
Saudi Aramco
Oil prices see a rise after three weeks followed by the Saudi Aramco announcement that demand will steadily improve. It further added that traders bet on more U.S. stimulus.
Turkey’s lira
Turkey’s lira was weaker even as the banking regulator moved to slow lending in an attempt to stabilize the currency.
Europe and China
In Europe, stocks advanced led by financial companies.
Chinese equities climbed on the back of data showing the economy continuing to recover from the pandemic, with consumer inflation accelerating.
President Trump signs orders
President Donald Trump signed four executive orders to maintain some assistance that includes
- unemployment benefits,
- a temporary payroll tax deferral,
- eviction protection and
- student-loan relief.
Trump’s policy announcements come as Democrats and Republicans are still negotiating a broader additional virus relief package.
The two sides are still trillions of dollars apart on overall spending and on key issues, including aid to state and local governments and the amount of supplementary unemployment benefits.
Lebanese real-estate company
Elsewhere, shares in Lebanese real-estate company Solidere closed slightly higher as they traded for the first time since the deadly blast in Beirut’s port that killed more than 150 people.
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Source: Bloomberg
