Global stocks rise as hopes for prompt US fiscal stimulus revive the 'buy everything' trade
Global stocks rose on Monday as investors held onto hopes for a prompt deal on a new round of US fiscal stimulus, boosted by the White House's change in position over the weekend.
US stock futures rose as much as 1%, even after House Speaker Nancy Pelosi rejected the Trump administration's latest proposal on Sunday. In Asia, China stocks rose to a two-year peak, driven by a new central bank policy that makes it easier to sell the yuan. The FTSE 100 edged slightly lower ahead of Prime Minister Boris Johnson's expected announcements on stricter COVID-19 restrictions across the country.Global stocks rose on Monday as investors largely pinned hopes on a new US fiscal stimulus deal to get across the line.
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