GLOBAL MARKETS-U.S. gridlock over stimulus keeps stocks muted, dollar edges higher

Business news

World stocks began August cautiously as U.S. lawmakers struggled to agree a new stimulus plan following a global surge of COVID-19 cases, though a squeeze on crowded short positions left the dollar clinging to a tentative bounce. European stocks opened slightly higher on Monday following mixed moves in Asia. E-Mini futures for the S&P 500 were little changed, with investors nervous about the lack of a new stimulus package in the United States and White House Chief of Staff Mark Meadows not optimistic about a deal.

Read Full Article