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Major markets turn more cautious with Powell and Lagarde set to speak
Markets have taken on a more positive attitude to risk as President Trump has been allowed to leave hospital to return to the White House. Whilst it is still too early to declare the President clear of COVID, for now, the immediate risk to government has been reduced. It means that focus can also be on the US fiscal stimulus talks. House Speaker Pelosi and Treasury Secretary Mnuchin are still deep in discussions and there is hope that something may be agreed, although this would still need to be voted upon by the Republican controlled Senate. Broad risk took a leap yesterday, pulling equities sharply higher and out ... (full story)