{"id":105640,"date":"2020-10-06T16:51:28","date_gmt":"2020-10-06T15:51:28","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105640"},"modified":"2020-10-06T16:51:28","modified_gmt":"2020-10-06T15:51:28","slug":"104473-sp-500-looks-to-stimulus-negotiations","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104473-sp-500-looks-to-stimulus-negotiations\/","title":{"rendered":"S&#038;P 500 Looks To Stimulus Negotiations"},"content":{"rendered":"<ul>\n<li><strong>Equity indices advanced in the Asian\u00a0 session boosted by US fiscal stimulus optimism stimulus<\/strong><\/li>\n<li><strong>Negotiations in Congress could drive US stock indices near term<\/strong><\/li>\n<li><strong>S&amp;P 500 index futures could move lower as price fails to take key resistance.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Stock indices rose in the\u00a0 Asian session after President Trump was discharged from the Walter Reed Army Medical Centre and amid renewed fiscal stimulus optimism.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Japan\u2019s Nikkei 225 gained+0.48%. Australia\u2019s ASX 200 index only moved mildly northwards despite the Reserve Bank of Australia\u2019s decision to keep its monetary policy on hold.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The risk-sensitive Australian Dollar pushed briefly\u00a0 above 0.72 immediately after the RBA announcement before ending the session-0.2% lower.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The safe havens US Dollar and Japanese Yen treaded water versus major peers, whilst gold headed lower.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A speech from European Central Bank President Christine Lagarde and another from Federal Reserve Chairman Jerome Powell will be in focus, in addition to Canadian trade balance release for August.<\/span><\/p>\n<p><strong>Lack of Fiscal Stimulus Developments Cap S&amp;P 500 Upside<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Nancy Pelosi\u2019s recent comments that fiscal stimulus\u00a0 could still be agreed before the US Presidential Election in November could support US stock markets. The House Speaker and Treasury Secretary Steven Mnuchin continue to negotiate.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pelosi believes that Trump\u2019s recent covid diagnosis could aid talks. However, Democrats are aiming for a $2.2 trillion package whilst Mnuchin is targeting a smaller $1.6 trillion deal.The difference means that it is unlikely\u00a0 that US policymakers will agree to a deal before the US Elections.<\/span><\/p>\n<p><strong>US Non-Farm Payrolls<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The non-farm payrolls report for September massively missing forecasts.and the Fed supporting the case for additional fiscal stimulus, highlights the need for an additional rescue package.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">US S&amp;P 500 index could continue to be driven by stimulus talks. In the absence of an agreement in the coming weeks, risk aversion could soar.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Equity indices advanced in the Asian\u00a0 session boosted by US fiscal stimulus optimism stimulus Negotiations in Congress could drive US stock indices near term S&amp;P 500 index futures could move lower as price fails to take key resistance. Stock indices rose in the\u00a0 Asian session after President Trump was discharged from the Walter Reed Army [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5647,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1381],"tags":[2636,1398],"class_list":{"0":"post-105640","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-usd","8":"tag-sp500","9":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>S&amp;P 500 Looks To Stimulus Negotiations - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104473-sp-500-looks-to-stimulus-negotiations\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104473-sp-500-looks-to-stimulus-negotiations\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104473-sp-500-looks-to-stimulus-negotiations\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"S&#038;P 500 Looks To Stimulus Negotiations\",\"datePublished\":\"2020-10-06T15:51:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104473-sp-500-looks-to-stimulus-negotiations\\\/\"},\"wordCount\":309,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104473-sp-500-looks-to-stimulus-negotiations\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100663-gbp-usd-pound-lacks-drivers.jpg\",\"keywords\":[\"s&amp;p500\",\"usd\"],\"articleSection\":[\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104473-sp-500-looks-to-stimulus-negotiations\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104473-sp-500-looks-to-stimulus-negotiations\\\/\",\"name\":\"S&P 500 Looks To Stimulus Negotiations - 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