improving

Stock recover on signs of improving Trump’s health

MILAN (Reuters) – Stocks and other risk assets rose on Monday as signs that Donald Trump’s health was improving brought relief to markets after the uncertainty of his COVID-19 infection sent investors rushing for safety last week.

FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., October 2, 2020. REUTERS/Carlo Allegri/File Photo

The U.S. President, 74, was flown to a hospital for treatment on Friday, but his doctors said he had responded well and could return to the White House as soon as on Monday.

The MSCI world equity index, which tracks shares in 49 countries, was up 0.4% by 0812 GMT, supported by overnight gains across Asia and a positive start in Europe.

The pan-European STOXX 600 .STOXX rose 0.7%. S&P 500 futures EScv1 rose 0.5% and Nasdaq futures NQc1 0.8%, indicating a similarly strong start on Wall Street later.

Overhanging the relief rally, however, were concerns that Trump’s case could be more severe than public disclosures suggest, and that more restrictive measures by governments to slow coronavirus infections could harm the economic recovery.

Some traders were concerned by doctors’ admission that Trump had been given supplementary oxygen and steroids.

“Many questions remain including the use of the steroid drug … which is usually reserved for those with severe illness,” said Raymond James strategist Chris Bailey in London. “Global cases now top 35 million and various new restrictions in Paris, New York, etc”,

A survey on Monday showed the euro zone’s economic recovery faltered last month as new restrictions sent its dominant service sector into reverse.

IHS Markit’s final composite Purchasing Managers’ Index fell to 50.4, just above the 50 mark separating growth from contraction.

Trump’s infection also comes less than one month before the presidential election on

White House doctor says Trump coronavirus symptoms improving while sidestepping questions

White House physician Sean Conley said Saturday that President TrumpDonald John TrumpTrump campaign manager tests positive for COVID-19 Trump given Remdesivir as treatment for COVID-19 infection ICE launching billboard campaign highlighting ‘at-large immigration violators’ MORE is doing “very well” after being hospitalized with coronavirus and that his symptoms of a mild cough, nasal congestion and fatigue are improving, while sidestepping questions about Trump’s treatment and creating uncertainty about the timeline of his diagnosis. 

“At this time the team and I are extremely happy with the progress the president has made,” Conley told reporters outside Walter Reed Medical Center, where Trump was hospitalized Friday evening. “Thursday, he had a mild cough and some nasal congestion and fatigue, all of which are now resolving and improving.” 

At the same time, a source familiar with the president’s health told reporters that the president’s vitals over the past 24 hours were “very concerning” and described the next 48 hours as “critical in terms of his care.” 

“We’re still not on a clear path to a full recovery,” the person said.

The statement, which was not on the record, seemed to diverge considerably from Conley’s positive assessment and quickly created confusion about Trump’s condition less than 24 hours after he was admitted to the military hospital in Bethesda, Md.

Conley did not give a date when he expects Trump to be released from the hospital, but said the president has been fever-free for over 24 hours after experiencing a fever “Thursday into Friday.” Conley declined to disclose the specific temperature of the president’s fever. 

At the first press briefing from a doctor since Trump announced his positive test early Friday morning, Conley danced around questions about whether the president had ever been on oxygen, repeatedly saying he was not currently on it. He later