Investing.com investing.com 28 Dec, 2020 12:45 am

Trump Signs Stimulus Bill, Attack on Alibaba, Sterling Sags

Trump Signs Stimulus Bill, Attack on Alibaba, Sterling Sags
Trump Signs Stimulus Bill, Attack on Alibaba, Sterling Sags - What's up in Markets

China ramps up its regulatory campaign against Alibaba founder Jack Ma’s business empire and the relief rally in sterling runs out of steam as the market realizes the limitations of the free-trade deal struck last week with the EU.Sterling's relief rally runs out of steam The British pound’s rally ran out of steam as the realization dawned that the free-trade deal agreed at the 11th hour last week still leaves many long-term questions over relations between the U.com -- President Donald Trump signs the coronavirus relief package into law, nudging stock futures higher and the dollar lower.Trump signs stimulus package President Donald Trump signed into law the $900 billion package of coronavirus relief measures agreed before Christmas by Congress.

PBoC ramps up campaign against Ma's business empire Alibaba (NYSE: BABA ) shares in Hong Kong fell another 8% overnight after the Chinese central bank launched a fresh attack on its financial services affiliate Ant Group.Prime Minister Boris Johnson acknowledged that the agreement had not ensured lasting access to the EU’s single market for the key financial services industry, which generates over 10% of U.

Read full story at investing.com