MARKET OPEN: Domestic investors waiting for offshore cues

Fri, 07 Aug 2020

Domestic investors will tread water today as global markets await progress on the US stimulus package although a better night on Wall Street may spur some buying. Investors are looking to the next fiscal aid package to cope with the growing fallout from the covid-19 pandemic as US cases continue to rise but Republicans and Democrats have yet to hammer out an agreement. Senate Majority Leader Mitch McConnell told CNBC he believes Democrats and Republicans will strike a coronavirus relief agreement “in the near future.” House Speaker Nancy...

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