Stocks recover on signs of improving Trump’s health

Stocks recover on signs of improving Trump's health

On Monday, stocks as well as other risk assets increase as signs of improving Donald Trump brought some relief in the market post the uncertainty of the president’s coronavirus infection sent the investors dashing for safety past week.

Trump, 74 was admitted to a hospital on Friday; however his doctors informed that he was responding well to the treatment and may return to White House coming week.

The MSCI world equity index rose by 0.4 percent on Monday, supported by the overnight gains in Asia as well as a positive beginning in Europe.

The STOXX Europe 600 Index was up by 0.7 per cent, Nasdaq futures NQc1 rose 0.8 per cent while S&P 500 futures EScvl increase 0.5 per cent.

Previously, there were concerns that the president’s case might be more serious than what the public disclosure suggests and that stringent measures undertaken by the governments to combat the spread of the virus could, in turn, hamper the economic recovery.

A few traders were worries about doctors’ admission about Trump receiving supplementary steroids and oxygen.

Notably, Trump’s coronavirus infection comes just a few days before the November presidential election, potentially igniting more of market vitality as well as making the final outcome of the election even more challenging to predict.