Stock markets on both sides of the Atlantic rose, buoyed by hopes for a politcial agreement on more stimulus for the Covid-19 hit US economy and on hints President Donald Trump could return to the White House. Although President Trump’s medical condition remained unclear as he began the fourth day at the military hospital where he is being treated for Covid-19, his doctors have said he could be discharged soon. Shares of Regeneron Pharmaceuticals jumped 6.1% after President Trump's physician said he had been treated with an intravenous dose of Regeneron's dual antibody treatment. In Ireland, the Iseq index rose 0.7% but a group of shares exposed to the domestic economy fell back on concerns about any new health restrictions. Further aiding the mood, White House chief of staff Mark Meadows said there was still potential to reach agreement with US lawmakers on more coronavirus relief and that President Trump was committed to getting the deal done.

Source: Irish Examiner October 05, 2020 16:56 UTC