4:07:49 PM PDT - Sunday, October 25th, 2020

U.S. and Asia Futures Climb on Stimulus Talks: Markets Wrap  

By Editor - Sun Oct 18, 4:59 pm

(Bloomberg) — U.S. futures opened higher Monday amid optimism about some progress on stimulus talks in Washington. Asian stocks looked set for gains.S&P 500 Index futures gained after the gauge closed higher for a third week on Friday. Contracts in Japan and Hong Kong also rose and Australian stocks edged higher. Speaker of the House Nancy Pelosi set a Tuesday deadline for more progress with the White House after lengthy discussions at the weekend with Treasury Secretary Steven Mnuchin. The pound held its ground after a report officials were prepared to water down controversial Brexit legislation in a move that could revive failing talks with the European Union, as well as a credit rating cut by Moody’s Investors Service.Elsewhere, oil fluctuated ahead of an OPEC + meeting. The New Zealand dollar edged higher after Jacinda Ardern’s emphatic election victory. Chinese data due Monday is expected to show a broadening economic recovery from the pandemic hit.While Pelosi said a pre-election deal remains possible, her team sent conflicting signals after setting a 48-hour deadline for progress on Saturday night

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U.S. and Asia Futures Climb on Stimulus Talks: Markets Wrap

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