A source familiar with the state of US Congressional negotiations regarding further Covid-19 aid has suggested that the Democrats and Republicans are “closing in” on a $900B bill that would include a new round of stimulus checks. Moreover, the bill will include extended unemployment benefits, as well as “other avenues” for aid to State and local governments (which has been a key Democrat demand). Sources say that the bill is not likely to include corporate liability provisions (a key Republican demand). The news comes after Republican Senate Majority Leader Mitch McConnell recently said that Congressional leaders have made major headway in working towards a Covid-19 aid deal. Market Reaction Fiscal stimulus hopes were behind solid gains across risk assets such as US equities and crude oil markets on Tuesday and it seems as though a deal might already be priced in, given the lack of positive market reaction in recent trade to this news. Less than one hour after the US equity cash open, the S&P 500 trades marginally positive and the Nasdaq 100 and Dow are both flat. Perhaps pre-FOMC meeting caution (the bank releases its latest monetary policy announcement at 19:00GMT) is contributing to the market’s indecisive feel on Wednesday. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple price explodes by 15% following Bitcoin’s new all-time high FX Street 2 years A source familiar with the state of US Congressional negotiations regarding further Covid-19 aid has suggested that the Democrats and Republicans are “closing in” on a $900B bill that would include a new round of stimulus checks. Moreover, the bill will include extended unemployment benefits, as well as “other avenues” for aid to State and local governments (which has been a key Democrat demand). Sources say that the bill is not likely to include corporate liability provisions (a key Republican demand). The news comes after Republican Senate Majority Leader Mitch McConnell recently said that Congressional leaders have made major headway… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
