U.S. Stimulus Prospects Buoy Strategists Wary of Trump Prognosis
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Markets steadied Monday on easing fears over President Donald Trump’s health and increased optimism over fresh U.S. fiscal stimulus, though his prognosis after contracting Covid-19 remains a risk, according to strategists.
Trump’s diagnosis boosts the likelihood of Congress and the White House reaching a deal on pandemic relief before the election, they said. Shifting odds on a Democratic victory could impact the dollar, while cyclical stocks would benefit from any stimulus deal, they added.