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Added on the 04/01/2018 16:37:04 - Copyright : Wochit
US equities soared on Tuesday on the heels of President-elect Joe Biden's victory. The General Services Administration confirmed it would provide the "resources and services" needed to start Biden's transition. According to Business Insider, it's a clear sign that the Trump campaign has accepted its loss in the 2020 race. The typically seamless process has been mired down by President Donald Trump's legal challenges to the election's outcome. The Dow Jones industrial average surged above 30,000 for the first time, ever marking a rapid comeback after sinking in March.
US stock markets opened with optimism Tuesday, as tens of millions of Americans head to the polls to decide who will be the next US president. According to Markets Insider, analysts say the upward bounce was a reaction to the end of the uncertainty surrounding who will get the top job. Fundstrat's Tom Lee said in a note to clients on Tuesday that the result would rally stocks, regardless of who won. If Democratic nominee Joe Biden wins, Lee expects a 10% rally. A surprise win for President Donald Trump could jolt stocks 15% to 17% higher. Asset manager BlackRock says that from ending political gridlock to producing sorely needed stimulus packages, the outcome could trigger an upturn.
According to Reuters, a global gauge of stock markets fell below a two month low. On May 29th, MSCI's all-country world stock index fell about 1-percent with losses stretching across Asia, the US, and Europe. In Europe, the Stoxx 600 index fell 1.4-percent, while the euro was steady after two days of losses. On Wall Street, the top three markets on the New York Stock Exchange lost about 1-percent each. The Dow Jones Industrial Average plunged 270-points, dropping over 1-percent.
Sao Paulo (Brazil), Jun 30 (EFE), (Camera: Wallace Carvalho) .- Brazil "naturalized 2,000 deaths" a day from Covid-19, lamented the president of the National Council of Health Secretaries (Conass), Carlos Lula, who warned that They are no longer able to keep the population at home to contain a pandemic that is still progressing with "total lack of control" in the country.FOOTAGE OF THE STREETS IN SAO PAULO, BRAZIL
Sao Paulo, Jun 30 (EFE).- Brazilians have become accustomed to seeing 2,000 of their fellow citizens die every day from Covid-19 and will not submit to additional lockdowns or restriction aimed at containing the pandemic, one of the country's top public health officials said Wednesday.(CAMERA: Wallace Carvalho)
Bangalore, Jun 8 (EFE/EPA).- India on Tuesday crossed 350,000 coronavirus deaths, while registering less than 100,000 daily infections for the first time in more than two months.The Asian country recorded 2,123 deaths in the last 24 hours, taking the total to 351,309 since the start of the pandemic last year, which is only behind the United States (around 598,000) and Brazil (around 473,000).The number of deaths have been on the decline, after recording over 4,500 daily deaths last month, when a virulent second wave led to a healthcare system collapse with shortages of hospital beds and medical oxygen. (Camera: JAGADEESH NV). SHOT LIST: VACCINATION DRIVE IN BANGALORE, INDIA.
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