US House Speaker Pelosi: Real optimism for deal on coronavirus legislation in next few hours

Eren Sengezer FXStreet

"There is real optimism for a deal on coronavirus legislation in next few hours," US House Speaker Nancy Pelosi told CNBC on Tuesday.

Pelosi further added that they are happy that the Senate is taking House language on oversight of $500 billion fund for businesses. "We are still concerned that Trump is not embracing the Defense Production Act. Everybody agrees we have to get coronavirus legislation done."

Market reaction

Wall Street's main indexes print strong gains on Tuesday. As of writing, the Dow Jones Industrial Average was up 6.75% on the day while the S&P 500 was adding 6.05%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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