Wall St gains on stimulus hopes, hints of Trump hospital discharge

Pelosi says Trump shows 'true colors' by walking away from coronavirus relief talks

Pelosi says Trump shows 'true colors' by walking away from coronavirus relief talks

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.71 percent to a two week-high, led by Hong Kong climbing 0.88 percent.

As well as Trump's health, "there is also some market attention on whether the US Congress will pass the extra stimulus bill", said Tai Hui, Chief Asia Market Strategist, J.P. Morgan Asset Management.

Nancy Pelosi, the Democratic speaker of the House of Representatives, had been negotiating the terms of the next federal coronavirus aid deal with US Treasury Secretary Steven Mnuchin over the past week. "The U.S. economy has barely recovered half of the jobs lost in March and April, and Trump is set to be the first president in modern history to end his first term with a net loss of American jobs".

The S&P 500 fell 64.42 points, or 1.9%, to 3,400.97.

Trial of Meghan Markle's privacy claim against newspaper postponed
It was speculative, it was unsubstantiated by evidence and it was inherently implausible and, we say most importantly, it was bad in law.

"Those comments about having some options regarding putting some of the stimulus plans back in action certainly has buoyed the market and injected more optimism, and you can see that's why the dollar's weaker today, it's really a "risk on" mentality", said Minh Trang, senior FX trader at Silicon Valley Bank in Santa Clara, California.

Stocks closed sharply lower on Wall Street Monday, handing the S&P 500 its worst day in a month and knocking 650 points off the Dow Jones Industrial Average. The yield on United States 30-year government bonds rose 10 basis points to a four-month high of 1.5930 percent, before easing slightly.

The dollar index .DXY fell 0.05%, with the euro EUR= up 0.24% to $1.1762. "Improved near-term stimulus prospects and then potentially bigger deficits under a Biden presidency that has the benefit of clean sweep, are behind the yield gains here", said Ray Attrill, head of FX strategy at National Australia Bank in Sydney. Instead, Trump is wedded to his $150 billion tax cut for the wealthiest people in America from the CARES Act, while he refuses to give real help to poor children, the unemployed and America's hard working families.

Spot gold XAU= added 0.5% to $1,886.90 an ounce.

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