During the previous week, the leading American stock indices almost returned to the levels registered at the beginning of the current year. Stocks of some hi-tech giants even managed to set new historical record-highs. Positive moods of investors were supported by news about Nodena’s successful testing of its coronavirus vaccine, monetary incentives and data on recovery of industrial output in the US in the second quarter. During the current week, the US Congress will begin working on a new package of fiscal incentives. In addition, the extended unemployment benefits program may be prolonged.    

Financial markets survey 20.07.2020