⁍ World stock markets climbed to more than two-week highs on Tuesday after U.S. President Donald Trump’s return from treatment.


⁍ Despite a subdued London FTSE, Europe benefited from near 2% jumps in battered banks.


⁍ Germany called a ‘remarkable’ leap in export orders to join Asia and Wall Street’s overnight rallies.


– World stock markets climbed to more than two-week highs on Tuesday after US President Trump’s return to the White House from COVID-19 treatment and on hopes of a giant new US stimulus package. Despite a subdued London FTSE .SX7P and travel stocks .SXTP, along with what Germany called a ‘remarkable’ leap in export orders, to join Asia and Wall Street’s overnight rallies, per Reuters. Trump said he felt “real good” after a three-night hospital stay, although one of his doctors cautioned he may not be out of the woods until later in the week. MSCI’s main world stocks benchmark was up 0.2% .MIWD00000PUS at a two-week high too after Trump’s return from the Walter Reed Medical Center military hospital outside Washington on Monday eased nerves about possible disruption to next month’s election. Gold [GOL/], bonds [GVD/EUR] and the dollar [/FRX] all dipped amid the modestly improved risk appetite, though Wall Street futures had slipped into the red. “The market is slightly short of oomph,” said Societe Generale’s Kit Juckes, pointing to Europe’s subdued morning. “It has not managed to get a meaningful lift from it (Trump leaving hospital).”



Source: https://www.reuters.com/article/global-markets/stocks-shuffle-to-two-week-highs-after-trump-leaves-hospital-idUSKBN26R0BM