{"id":172261,"date":"2020-06-16T12:08:03","date_gmt":"2020-06-16T16:08:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=172261"},"modified":"2020-06-16T12:08:03","modified_gmt":"2020-06-16T16:08:03","slug":"investors-buoyed-by-extra-u-s-stimulus-to-support-recovery","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/06\/investors-buoyed-by-extra-u-s-stimulus-to-support-recovery\/","title":{"rendered":"Investors buoyed by extra U.S. stimulus to support recovery"},"content":{"rendered":"
June 16, 2020<\/div>
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By George Prior<\/strong><\/p>\n

Investors who have been \u201cpaying attention\u201d have been topping\u2013up their investment portfolios and will continue to do so, says the CEO of one of the world\u2019s largest independent financial advisory and fintech organizations.<\/p>\n

The comments from Nigel Green, the chief executive and founder of deVere Group, which has $12bn under advisement, come as stock markets around the world further rallied on Tuesday after the U.S. Federal Reserve announced an expansion to its historic stimulus programme.<\/p>\n

Mr Green affirms: \u201cGlobal stocks have been buoyed by the news from the Fed – the world\u2019s de facto central bank \u2013 to buy individual corporate bonds in addition to the exchange-traded funds it is already purchasing, to support the world\u2019s largest economy.<\/p>\n

\u201cThis extra stimulus acts as\u00a0a \u2018backstop\u2019 or \u2018floor\u2019 for equities.<\/p>\n

\u201cThe additional Fed support was widely expected by the markets and therefore, investors who have been paying attention have been topping-up their investment portfolios recently as entry points will inevitably continue to go higher as we move forward.\u201d<\/p>

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He continues: \u201cIt is likely that savvy investors will continue to enhance portfolios as the backing is likely to be maintained for years, not quarters.<\/p>\n

\u201cAlso, it has been reported that President Donald Trump\u2019s administration is preparing to unveil a $1 trillion infrastructure package. This will further boost asset prices.\u201d<\/p>\n

The deVere boss called the additional measures last week.<\/p>\n

He noted on Thursday June 11: \u201cFurther stimulus can be expected from the Fed – and also perhaps from Congress too – in the near future\u2026 This will support and likely boost asset prices moving forward. Investors will now be eyeing the opportunities before any fresh or enhanced stimulus packages are announced.\u201d<\/p>\n

London\u2019s FTSE 100 and Frankfurt\u2019s Dax both jumped 2.2% in morning trading on Tuesday, the pan-European Euro Stoxx 600 gained 2%. U.S. futures markets suggested that U.S. stocks would rise further when trading begins on Wall Street, with S&P 500 futures up 1%.<\/p>\n

In Asia-Pacific, Tokyo\u2019s Topix shot up 4% and Australia\u2019s S&P\/ASX 200 gained 3.9%. Meanwhile, Hong Kong\u2019s Hang Seng rose 2.4% while China\u2019s CSI 300 index was 1.5% higher.<\/p>\n

Nigel Green concludes: \u201cFew things can fuel markets like another stimulus injection.<\/p>\n

\u201cThe message investors are taking away is that the U.S. central bank and government are prepared to do whatever it takes to support the recovery.\u201d<\/p>\n

About:<\/strong><\/p>\n

deVere Group is one of the world\u2019s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.\u00a0 It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.<\/em><\/p>\n

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By George Prior Investors who have been \u201cpaying attention\u201d have been topping\u2013up their investment portfolios and will continue to do so, says the CEO of one of the world\u2019s largest independent financial advisory and fintech organizations. The comments from Nigel Green, the chief executive and founder of deVere Group, which has $12bn under advisement, come […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-172261","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/172261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=172261"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/172261\/revisions"}],"predecessor-version":[{"id":172262,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/172261\/revisions\/172262"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=172261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=172261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=172261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}