Lawmakers in Washington continued to send mix signals about progress toward a stimulus deal. Treasury Secretary Steven Mnuchin said Thursday that the White House won't let differences over funding targets for Covid-19 testing derail stimulus talks with top Democrats.
Later, President Donald Trump said that he would raise his offer for a stimulus package above his current level of $1.8 trillion. House Democrats have passed a $2.2 trillion bill. Meanwhile, the U.K. government announced plans to impose tougher coronavirus restrictions on London, while the French government declared a public health state of emergency earlier this week amid a surge in cases. Germany has also announced new rules to curb the spread of the virus.
"Global equity markets continue to churn, caught between hopes for a better economic future, yet struggling with a still-unchecked pandemic and signs that the economic rebound is fading," strategists at MRB Partners wrote in a note. "Unprecedented policy actions have supported economic activity and boosted risk asset prices, but are not sufficient to generate a self-reinforcing economic expansion.
"The latter still awaits successful COVID-19 treatments and vaccines, and both had unfavorable news this week," they added.for exclusive insights and analysis, and live business day programming from around the world.
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