Stocks open flat with US stimulus talks in focus

Stocks open flat with US stimulus talks in focus 150 150 Realm

The UK restarted talks with the EU on Thursday and a new trade deal with Japan was signed. US President Trump and Joe Biden took part in their last debate before the Election. A calmer head-to-head this time as they debated topics including the coronavirus pandemic, health care and national security. US House Speaker Pelosi said Democrat lawmakers and White House officials were “just about there” on a coronavirus aid package but warned that it could take “a while” for Congress to approve relief legislation.

European stocks fell on Thursday as new coronavirus cases continued to surge, and the FBI warned of election interference by Iran and Russia, raising the risk of a disputed election result. French business confidence weakened in October, monthly survey data from the statistical office Insee showed.

US stocks fluctuated over the course of the trading session but managed to end the day mostly higher. After bouncing back and forth across the unchanged line in morning trading, the major averages largely remained positive throughout the afternoon.

The US Dollar index extended the rebound from a seven-week low hit on Wednesday as currency traders rushed to the safety of the greenback amid persistent uncertainty.

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