European markets rise after Trump signs Covid relief bill into law

Finance

Trump averted a government shutdown late Sunday, and extended unemployment benefits to millions of Americans. The signing came days after Trump suggested he would veto the legislation, demanding $2,000 direct payments to Americans, instead of $600. Stock futures in the U.S. rose slightly on the news.

In Asia, shares of Alibaba in Hong Kong dropped more than 8% for the second straight session after Chinese regulators ordered Alibaba-affiliate Ant Group to rectify its businesses.

Back in Europe, traders will likely react to the announcement of a Brexit trade deal between the U.K. and the EU. The agreement, sealed after markets closed on Dec. 24, still needs to be approved this week by both U.K. and EU Parliaments before the Dec. 31 deadline.

—CNBC’s Eustance Huang and Yun Li contributed to this article.

Articles You May Like

How To Have Difficult Conversations With Stubborn Aging Parents
Budget travel icon Spirit Airlines files for bankruptcy protection after mounting losses
Baidu posts 3% drop in third-quarter revenues, beating market expectations
Comcast will announce the spinoff of cable networks Wednesday, sources say
Trump Tax Cuts And 11 Other Reasons To Skip A Roth Conversion

Leave a Reply

Your email address will not be published. Required fields are marked *