The UK postpones the next phase of the restart plan to two weeks later due to the epidemic, The U.S. Republican and Democratic parties still have big differences on the new rescue plan

In Daily Market Review, English
August 11, 2020

The UK postpones the next phase of the restart plan to two weeks later due to the epidemic
The Ministry of Health of the United Kingdom announced on Sunday (9th) that there were 1,062 new confirmed cases in a single day. This is the number of confirmed cases exceeding 1,000 since the end of June. The number of newly confirmed cases the day before was 758, making the total number of confirmed cases in the UK exceeded More than 310,000 cases, the data reflects that the local epidemic situation has worsened, and a second wave of outbreaks may occur. In order to prevent the spread of the epidemic, the British government has announced that it will restart the plan in the next phase, which will be postponed from the 1st of this month to two weeks later. The fear of the epidemic in the UK reappears and the performance of the pound may be restricted in the short term.

The U.S. Republican and Democratic parties still have big differences on the new rescue plan
After the talks between the Republican and Democratic parties on the new rescue plan broke down on Friday, the two sides are still arguing over the new rescue plan. Apart from mutual accusations, the negotiation date has not yet been set. Although President Trump has signed an executive order to extend and implement some relief measures, the market believes that the effect of boosting consumer spending is limited.

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