MARKET OPEN: Risk appetite up on stimulus packages

Wed, 22 Jul 2020

Increased global risk appetite on the back of further stimulus to mitigate the economic impact of covid-19 may spill over into the domestic market. European stock markets rallied after the European Union agreed to a 750 million euro recovery fund, with the DAX ending up 1 percent. “I believe this agreement will be seen as a pivotal moment in Europe's journey, but it will also launch us into the future,” European Council President Charles Michel said after the deal was reached. In the US, meanwhile, negotiations between congressional la...

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