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Zest Digital Mag > Blog > Business > US, European stocks end at records on US stimulus, Brexit deal
Business

US, European stocks end at records on US stimulus, Brexit deal

Anna Paul
Anna Paul
Updated 2021/01/08 at 3:31 PM
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US, European stocks end at records on US stimulus, Brexit deal
US, European stocks end at records on US stimulus, Brexit deal
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US and European stocks pushed into record territory on Monday, buoyed by a pandemic recovery package agreed in the US and Britain’s Brexit deal with the EU.

All three major US stock indices finished at all-time highs, a feat reached earlier in the day by Germany’s DAX index.

“The stock market is in a celebration mode this morning,” said Patrick J. O’Hare at Briefing.com.

The jump came after US President Donald Trump signed a $900 billion (735 billion euros) stimulus bill late Sunday, averting a government shutdown, providing additional payments to unemployed workers and extending an eviction moratorium by a month.

Trump had previously refused to sign the relief package, but reversed his stance Sunday, removing a key uncertainty for markets, which remain in a bullish posture in anticipation of better economic growth in 2021 following coronavirus vaccine approvals.

The latest vaccine nearing authorization is from Oxford-AstraZeneca, with British media reporting over the weekend that it is expected to be cleared for use on January 4.

Content Source: http://www.digitaljournal.com
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Anna Paul January 8, 2021
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