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Stocks jump on virus drug hopes; Fed’s blank cheque pressures dollar

Stocks jump on virus drug hopes; Fed’s blank cheque pressures dollar

Global Market Insights - Forex, Futures, Stocks

April 30, 20204m 6s

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Global stocks extend gains on potential treatment for coronavirus and dovish Fed. But Trump’s China blame-game caps gains. Powell signals more stimulus may be needed, puts dollar on backfoot. ECB next on the agenda; will it pump more stimulus?

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