U.S. stock indexes are advancing on Tuesday amid global stimulus hopes and better than expected earnings yesterday from aluminum maker Alcoa that helped to raise expectations as corporate earning season kicks off this week.
Investors are expecting the Bank of England will cut interest rates later this week and further monetary easing measures are likely with the Bank of Japan.
Last Friday’s June jobs report in the U.S. was strong but most economists don’t believe the Federal Reserve will raise interest rates anytime soon.
The S&P 500 reached an all-time high of 2,143 yesterday.
The British Sterling rose for the 3rd consecutive day on Tuesday and jumped over one percent following recent news that Home Secretary Theresa May will take over as the U.K’s next prime minister.
An international tribunal ruled on Tuesday that China’s claim to “historical rights” across most portions of the South China Sea has no legal basis.
Bernie Sanders is expected to endorse Hilary Clinton on the campaign trail later today.