Falling Europe waiting for US Congressional envelope
The main European markets opened this Friday’s session in decline, with investors moving away from the most risky assets, while the new fiscal stimulus is not released by the United States Congress, at a time when negotiations between Democrats and Republicans are stuck in an impasse.
Thus, the Stoxx 600 – an index that gathers the 600 largest listed companies in the region – loses 0.27% to 369.65 points, with European indices oscillating between a 0.3% fall in Lisbon and a reduction of 0, 9% in Paris.
The expectation about the new envelope that may come out of the North American Congress is great, but the optimism in an agreement is gradually waning, as negotiations have been going on for several weeks and there is still no time forecast for a ad.
Markets are also watching the talks between the United States and China scheduled for this Saturday, August 15th, from where news about the trade agreement between the two largest economies in the world may come out.
Beijing has already announced that it will take the issue of the suspension of TikTok and WeChat from the United States to the table.
From China came new economic indicators that showed a recovery in the industrial sector, for the second consecutive month, but still below what analysts expected. In the retail sector, on the other hand, sales continue to be severely hampered by the current pandemic.
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