Earlier, Pelosi's spokesman Drew Hammill said on Twitter that US House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin moved closer to an agreement on a fresh coronavirus relief package during a 45-minute talk on Tuesday.
Hammill said talks would continue on Wednesday, and "both sides are serious about finding a compromise."
Pelosi herself has just stated that the talks with Mnuchin provided more clarity and that she remains hopeful of a pre-election stimulus deal.
NEW PELOSI LETTER — notable: waiting on committees for resolution on items. They’ve been deadlocked. And also — “reach an agreement” before the election. pic.twitter.com/1Hdv1SHZHP— Jake Sherman (@JakeSherman) October 20, 2020
Futures in early Asia have enjoyed the optimism.
S&P500 CFDs were higher by over 0.5% to trade at 3455.4 the high.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.