July 16, 2024
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Business

Stock markets gain support from US stimulus optimism

London (AFP) – Stock markets recovered from early weakness on Tuesday as optimism about a fresh US economic stimulus package crept back into trading rooms.Democrats and Republicans are battling to hammer out a new package to help the US economy recover from the ravages of the pandemic, with analysts pointing to reports claiming good progress had been made.”There’s a big desire from both parties to get some kind of stimulus passed. I think the market is expecting that,” said Bob Phillips, at Spectrum Management Group.The dollar weakened on expectations of more money being injected into the econ…

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