Dollar Pares Early Gains, Stock Market Moves Higher
Midday Market View
Europe's economy is stalling again as rising numbers of Covid-19 infections interrupt the return to normal life. As a result, the stocks that benefited most from the first wave post-pandemic buying are getting a new lease of life.
Midday Key Point
- German cabinet reportedly approves 2021 draft budget, new debt of €96.2 billion
- JP Morgan set to move €200 billion assets to Germany in Brexit shift
- Eurozone September flash services PMI 47.6 vs 50.6 expected