Stocks higher while acrimony rules

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The afternoon after the night’s raucous presidential debate has seen US stocks climbing northwards on renewed stimulus optimism. That Democratic challenger Biden ‘survived’ the debate is one takeaway, but transition concerns linger with direct accusations largely outweighing policy discussions, as we wrote this morning.

Economic data has been more encouraging today with Chinese PMIs this morning signalling solid expansion of manufacturing activity as well as the services PMI climbing to the highest level since mid-2012. Notably, new export orders surged with the strongest reading since… Read More:

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