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Global stocks have risen toward their best weekly gain since early July and U.S. equity futures also advanced after the White House appeared to shift tack with signals it’s open to a large-scale stimulus bill.

Investors are winding up a volatile week with a mild risk-on attitude. With Trump recuperating from Covid-19 in the final stretch of the election campaign, they’re increasingly betting a Joe Biden victory is likely. Speculation is moving now to whether Democrats will sweep Congress too and then enact massive stimulus.

This week has also seen the Rand gain 0.8% to currently trade at 16.47/$

Global Stocks Climb with Futures; Dollar Declines: Markets Wrap

Global stocks rose toward their best weekly gain since early July and U.S. equity futures also advanced after the White House appeared to shift tack with signals it’s open to a large-scale stimulus bill. The dollar retreated.
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