World News – GB – FTSE 100 jumps on Donald Trump’s hopes of recovering Covid-19


The FTSE 100 index was expected to jump today amid hopes that President Donald Trump could leave hospital today following rapid improvement in his coronavirus symptoms

Stocks in Asia rose today and futures on US stock markets indicated that a surge on Wall Street was likely This, in turn, was to drive European stocks into positive territory after a weekend Washington news dramatic end

Japan’s Topix index climbed nearly 2% this morning and the Australian ASX 200 rose 22%, both beaten by the Hang Seng in Hong Kong which jumped 25%

Amid all this optimism, the FTSE-100 is expected to rise 40 to 5,942 by traders at CMC Markets, the Cac-40 in France up 30 to 4,855, and the Dax in Germany from 77 to 12,766

Global markets sold off after the president’s diagnosis on Friday, with investors worried that Joe Biden’s victory in the U.S. election could translate into higher taxes and lower growth

The FTSE managed to cut losses at the end of Friday’s session, but other indices fell sharply on what was considered a « risk-free » session

Speculation that Washington could finally make progress on the much-delayed fiscal stimulus package to support those most affected economically by the ramifications of the Covid-19 pandemic

Democrats passed a $ 2 trillion packet in the House of Representatives but Republicans oppose its size

Trump tweeted on Sunday evening that negotiators should work together and get the deal done – possibly in response to experiencing the effects of the virus on his own

Cineworld shares were set to collapse after giving in to the inevitable and saying it would close all its theaters after the new James Bond film’s launch was postponed for the weekend

Already hit by its outsized debt after years of ambitious buyouts, the group was still heading for a major restructuring, but No Time To Die’s latest delay is pushing it ever closer to the abyss The company said yesterday that the closures would be temporary

European investors will look at economic data for the service sector later this morning as Purchasing Managers Index reports are released in UK, Spain, Italy, France and Germany Manufacturing PMIs were strong last week and UK figures are expected to register 55, with any figure above 50 indicating growth

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FTSE 100 Index, Donald Trump, Bourse, Bourse, London Stock Exchange, Cineworld

News from around the world – GB – FTSE 100 jumps on hopes of Donald’s Covid-19 recovery Trump


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