The expected start of the vaccination against the coronavirus in the USA should give New York Wall Street fresh impetus on Monday. There are also hopes that the long-promised US aid package against the pandemic will finally be launched. In addition, contrary to previous ultimatums, talks between the EU and Great Britain on a Brexit trade pact are continuing.
Three quarters of an hour before the start of trading, the Dow Jones Industrial was valued 0.74 percent up at 30,268 points. This could mean that the world's best-known stock market index could continue its record run. It was only on Wednesday that it reached the highest level in its history at just under 30,320 points. The market-wide S&P 500 and the technology-heavy Nasdaq 100 could do the same as the Dow, because these two had also climbed to new highs in the past week.
“Now the negotiations in Washington and Brussels are about the sausage,” commented analyst Craig Erlam from broker Oanda Europe. And on Wednesday, market participants hoped for fresh stimuli for the economy from the US Federal Reserve in the face of the violent second virus wave.
It is currently expected that a bipartisan bill for an aid package worth 908 billion US dollars will be introduced into Congress this Monday and finally waved through in the USA. The optimists about the Brexit trade pact also continue to see good opportunities for a trade pact between the British and the EU, as talks about a deal are still ongoing.
