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Investment Event - Trump orders stimulus

US President Trump signed four executive orders to provide fiscal aid to households. Still a more comprehensive deal is needed to support the economy.
10 August 2020
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    Key takeaways:

    • US President Trump signed four executive orders over the weekend, providing fiscal aid to households
    • The key item is a memorandum calling for a USD400 per week federal top-up to unemployment insurance
    • However, the action is a stop-gap measure – a more comprehensive deal is needed to support the recovery
    • There is still a good chance a significant stimulus package can be agreed upon in Congress, even if there is still uncertainty about its timing and magnitude
    • We remain comfortable with our overweight view on US equities