⁍ Wall Street rose in a choppy session on Thursday on hopes of more economic stimulus.
⁍ The gains were not enough to lift an index of stocks across the globe.
⁍ The dollar ticked down from two-month highs as economic concerns boost its safe-haven allure.
– Investors seeking a safe place to park their money in the run-up to the US election are turning to gold and the dollar for protection, the Wall Street Journal reports. Gold rose to $1,870 an ounce and the dollar dropped to near two-month lows against the euro and yen. “People want to sell the market because of what is going to take place in the election, then there are those who need to buy yield and any time the market backs up they are right in there,” an analyst at Seaport Global Holdings tells Reuters. “That is why we are in a very tight trading range at this point.”
Source: https://www.reuters.com/article/global-markets/stocks-fall-despite-wall-st-stimulus-hope-dollar-dips-idUSKCN26F1F4