Global Equities Market: Positive Sentiments on Additional Fiscal Stimulus
Posted by Finintell on Sunday, 4 October 2020Last week, COVID-19 cases increased 5.2% to 33.8 million while total deaths surpassed the million mark, increasing 3.1% to 1.0 million. Globally, the US (7.1 million), India (6.3 million) and Brazil (4.8 million) have the most confirmed cases. As the second wave of the virus is spreading, countries are imposing fresh lockdowns and stricter measures. In the US, House Democrats passed a $2.2tn fiscal stimulus package to support the economy. However, this is unlikely to receive support in the Senate, prompting further negotiations with the Treasury Secretary, Steve Mnuchin.