European Stocks Open with a Slight Gain amid Concerns of U.S. Stimulus Bills

European Stocks Open with a Slight Gain amid Concerns of U.S. Stimulus Bills.

Stocks in Europe were mostly positive on Wednesday, but with limited upside, after the U.S. President Donald Trump’s move in halting stimulus talks until after the November election.

 

As of 14:15 local time in Thailand (GMT+7), DAX rose 0.19%, FTSE 100 increased 0.20%, CAC gained 0.26%, and STOXX600 was up 0.08%.

Meanwhile, stocks in Asia had a mixed sentiment over the news as Nikkei were slightly down by 0.05%, HSI rose 0.93%, ASX 200 gained 1.25% and Kospi increased 0.89%.

SET Index closed the morning session at 1,253.62, increased 3.47 points or 0.28% with a trading value of 23.7 billion baht. The stock market was positive by far this week.

 

Last night, Trump tweeted that he has instructed his representatives to stop negotiating (stimulus talks) until after the election when, immediately after he wins, they will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business”.

Over the night, stocks in stateside rallied in hopes of a new stimulus bill, before tripping over Trump’s tweet. Dow Jones closed 1.34% lower, while S&P 500 dropped 1.4% and Nasdaq lost 1.57%.  Oil prices also dropped around 2% upon the report.

 

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