Markets upbeat about Democratic controlled US govt

Fri, 08 Jan 2021

The local market will be buoyed by confirmation the Democrats have control of the White House, Senate and the House of Representatives in the US as it paves the way for more stimulus.Congress also worked through the night to certify Joe Biden as the winner of the US presidential election. He will take office on Jan. 20. US markets jumped on the prospect of additional fiscal stimulus, shrugging off protests in Washington when a mob took over the Capitol building yesterday.Any stimulus geared toward boosting the US recovery from covid-19 is...

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