U.S Equity Markets ended the week in positive territory on optimism surrounding stimulus negotiations. The White House said it remained open to negotiating a larger Stimulus Bill as Treasury Secretary Steven Mnuchin and Speaker of the House Nancy Pelosi (D-CA) continued discussions. Later in the day, President Donald Trump said he would be in favour of a $1.8 trillion stimulus package, $200 billion more than Senate Republicans had previously proposed. Otherwise, it was a relatively quiet day for markets. Eyes are now turning to this week, when the big banks kick off earnings season. The NASDAQ 100 led the rally, closing 1.51% higher. European Markets also closed higher. British Chancellor of the Exchequer Rishi Sunak was reportedly readying a new furlough scheme to protect workers that have been laid off. The European Medicines Agency said it was unlikely a Coronavirus vaccine would be approved before the end of the year. Spain’s Prime Minister was said to be preparing to enforce a state of emergency in the city of Madrid, as it battles rising Coronavirus cases. Saudi Arabia was said to consider requesting that OPEC rethink plans to boost oil output. Elsewhere, Oil fell 1.6% as OPEC raised concerns over lower crude demand, while Gold consolidated it’s recent break over $1900, closing 2.03% higher.
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