US equities rise on stimulus, despite massive US unemployment surge by NAB - The Morning Call published on 2020-03-26T19:41:45Z Friday 27th March 2020 US equities rose sharply overnight despite the news that unemployment claims in the US have risen to 3.2 million for the week to March 21st. It seems the markets are responding to the news that the rescue package has passed through Congress. Phil Dobbies talks to NAB’s Gavin Friend about the increasing hope that, with the right stimulus, the impact will be short, albeit very deep. On the stimulus front the UK government will now support self-employed workers, but, as elsewhere, the issue is getting the money out fast enough. Genre Business Comment by Mohita Solanki We can't expect the market to grow on the basis of stimulus alone if unemployment continues to grow. It looks to me it is going to go up a bit and fall back soon after. 2020-03-26T23:37:17Z
