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Wall Street rises in the heat of Trump and his improving health and awaiting stimulus

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Trump and economic stimuli. The health of the US president, Donald trump, after testing positive for coronavirus, continues to worry investors. To this is added a package of economic measures that remains to be agreed upon by Democrats and Republicans. Despite everything, the US stock markets have started the week with increases of around 1% this Monday.

Trump assured this Sunday in a video posted on his popular Twitter profile that "we are having great news from the doctors", also referring to the health of his wife and First Lady, Melania Trump, also infected with the virus.

President could be discharged this MondayAccording to the lung disease expert at Johns Hopkins University, Brian Garibaldi, who is part of Trump's medical team.

Still, questions remain after White House physician Sean Conley revealed that he was given supplemental oxygen and has received a drug typically used in more severe Covid-19 patients. This raises questions about the president's condition as he enters a phase of the illness in which the health of some patients suddenly and dramatically worsens.

Regarding the new round of stimuli, Nancy Pelosi, President of the US House of Representatives, said last Friday that "we continue working on the text to quickly facilitate an agreement." A few days before, they approved a package of 2.2 billion that has all the ballots to be rejected by the Senate, with a Republican majority.

Pelosi had words especially to address airline workers, one of the sectors hardest hit by the pandemic, stating that the new package of measures is "imminent".

OTHER MARKETS

In the raw material market, a barrel of West Texas oil, a benchmark in the US, is trading at this time with a rise of 5% and is paid almost 40 dollars. On the other hand, in the foreign exchange market, the euro appreciates 0.45% and changes to 1,177 dollars. In addition, in the debt market, the US ten-year bond yield rose to 0.73%.

On the other side of the Atlantic, the Ibex is advancing eagerly supported by the aforementioned improvement by Trump, his banks and Telefónica. Finally, in Asia the stock markets have closed in green spurred by the health of the US president.

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