Trump is still willing to accept a large-scale rescue plan
In an interview with Fox News, US President Trump stated that even if the Republican Party opposed it, he was still willing to accept a large-scale rescue plan. His remarks implied that he was inclined to agree to an economic stimulus package of more than $2.2 trillion. Remarks strengthen the market’s expectations that the United States may launch a larger-scale relief program in the short term. Driven by the market’s optimistic investment sentiment, the US 10-year long-term bond yields smoothly rose above the 0.8% level. As for the safe-haven U.S. exchange rate, it fell below the 93 index point. The two have recently shown a reverse trend.
The remarks of the chief negotiator of the EU bring positive to the “Brexit” trade negotiations
Barnier, the chief negotiator of the EU, stated at the European Parliament that the EU’s principles in the negotiations are consistent with respect for British sovereignty. If the two parties are willing to compromise on the basis of the legal text in the future and overcome their differences in the next few days, the two parties will be very close to reaching an agreement. The remarks were seen by the market as a positive signal for the two parties to restart the “Brexit” trade talks, which led to a sharp rise in the pound exchange rate.
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