Through information, it has been found that the U.S. Stock index futures advanced Monday when the investors were there to start focusing upon the prospects of expansion of the economic stimulus. Therefore, this expansion has been done to help counter the impact of spreading the global pandemic outbreak of COVID. September contracts on S and P rose 1.1% as of 8:11 a.m. in London. Moreover, the futures of the Dow Jones Industrial Average has climbed up to 1.3% till now and the ones on Nasdaq 100 Index have added around 1.2% U.S. financial markets and therefore, were closed on Friday before the Independence day on July 4th.
Furthermore, you should have information about Stoxx Europe as well. It has jumped around 1.7% with all the sectors trading in the positive industry. The U.S. states are there continuing to post record cases into July 4th weekend and the World Health Organization is likely to have been reported with one day high in global infections over this weekend only. In between the COVID-19 drag and improving economic conditions, Jingyi Pan, a market strategist wrote a note at IG Asia.
The cases of COVID are very highly increasing in the U.S and have almost an increase of 56,000 cases on Sunday only. Therefore, the employment data of June came in stronger than forecast on Thursday. Goldman Sachs Group Inc. economists revised down all the estimates for the U.S. economy this quarter but have said that this will come back on the track after the month of September. Hence, there are so many states that have been imposed on fresh restrictions to combat the COVID pandemic. Lastly, we would like to inform you that Congress is set to resume all the talks on the next stimulus bill coming later in this month only.