Investing.com investing.com 29 Dec, 2020 16:45 am

Opening Bell: Futures, Stocks Gather Momentum On Stimulus, Brexit Deal; Oil Up

Opening Bell: Futures, Stocks Gather Momentum On Stimulus, Brexit Deal; Oil Up
Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, FTSE 100. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

The Stoxx Europe 600 Index advanced with every sector gaining, except for banks and energy.The Stoxx Europe 600 Index gained 1%.Adding to positive sentiment, the House voted yesterday evening to boost the size of individual stimulus checks from $600 to $2000, something US President Donald Trump had demanded when he refused to sign the fiscal aid package before the holiday.Though Trump signed the $900 billion aid package into law on Sunday, the individual relief payouts were not altered.

Two driving factors: the potential for a larger US stimulus package along with the ongoing positive sentiment from last week's eleventh-hour Brexit deal between the EU and UK which was signed ahead of the Christmas holiday.5, after the 27 ambassadors of the EU member nations officially approved the Brexit deal, to be implemented on Jan 1.

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