Stock gains could be temporary

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Asian stocks and currencies are enjoying some relief before the end the trading week, taking their cues from Wall Street’s advances on Thursday. US and European equity futures are pointing to gains at their respective opens, while the Dollar’s hold of the 94.0 handle is keeping Gold prices subdued below the $1900 line.

Equity bulls may be drawing comfort from reports that House Democrats are drafting a US$2.4 trillion stimulus plan, while Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi have hinted their respective willingness to return to the negotiating table. While such… Read More:

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