Stocks up as blue wave hopes lift US stimulus bets

  • Date: 09-Oct-2020
  • Source: Gulf Today
  • Sector:Economy
  • Country:Middle East
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Stocks up as blue wave hopes lift US stimulus bets

Stocks up as blue wave hopes lift US stimulus bets

2 hours ago

The photo has been used for illustrative purposes.

World shares pushed on from one-month highs on Friday, with Asian stocks closing in on 2-1/2-year peaks, as growing expectations the Democratic party will win US elections next month revives hopes for more economic stimulus there.

The pan-European STOXX 600 index rose 0.4%, set for its second straight week of gains, while the MSCI world equity index, which tracks shares in 49 countries, was up 0.2% at a more than one month high.

Wall Street futures were up 0.5% after the S&P 500 gained 0.80% and the Nasdaq Composite added 0.5% on Thursday.

A widening lead for Democratic presidential candidate Joe Biden and the possibility his party will win both the Senate and the White