World stocks zoom to five-week highs on economic, stimulus hopes

(Reuters) – Global stocks scaled five-week highs on Monday on hopes that more government stimulus was coming and the world economy was on the mend, while the Chinese yuan retreated from a 17-month high after a policy move over the weekend. Investor optimism that Washington will work through talks that have repeatedly stalled to deliver another round of fiscal stimulus drove major U.S. stock indices to highs last seen in early September. Hopes that the top Wall Street banks will announce a decent set of third-quarter earnings this week that show business activity was not as weak as feared also helped. Slugged by stronger investor demand for risk, the U.S. dollar was pinned near a three-week low and gold, another safe-haven asset, stayed below a three-week high. The U.S. bond market is closed on Monday for Columbus Day. The cheer over the economic outlook and government stimulus did not boost

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European Shares Hit Five-Week High on Rebound Optimism, Stimulus Hopes | Investing News

(Reuters) – European shares hit a five-week high on Monday as optimism about a stable economic recovery in China and hopes of more U.S. fiscal stimulus helped offset concerns around surging COVID-19 cases across the continent.

The pan-European STOXX 600 <.STOXX> marked a third straight day of gains to end 0.7% higher, led by utilities <.SX6P>, technology <.SX8P> and autos <.SXAP> stocks.

The Trump administration on Sunday called on the U.S. Congress to pass a stripped-down coronavirus relief bill after talks stalled on a more comprehensive stimulus deal.

“Investors have not lost faith that further stimulus measures will follow and that an effective COVID-19 vaccine will soon be placed on the market,” said Milan Cutkovic, market analyst at Axi.

But a jump in domestic coronavirus cases has raised the spectre of fresh lockdowns and cast a shadow over a nascent economic rebound.

With Italy preparing for nationwide curbs, the European

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Despite five-week delay to open 2020, Madison took care of business in its district, and season, opener

Madison didn’t have room for error when its season and district opener fell on the same day last week.

Despite the unusual offseason due to COVID-19, Madison coach Marcus Gates didn’t see his players skip a beat in the 35-19 win over Maypearl, which gives Madison a head start in District 7-3A Div. I.

Entering the game with only a scrimmage against city-rival Carter, Gates said it was important to have a team that was able to physically ready and conditioned to go the entire game. Having his team in the best physical shape possible was a big factor in the Trojans’ win over Maypearl.

“I saw a team that was well conditioned and excepted well on special teams,” Gates said. “If we keep that going and replicate that, we should be fine.”

Gates said his players were excited to finally get to play but reminded his team that they

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