German carmakers made headlines today after Bloomberg reported from anonymous sources that Uber (NYSE: UBER) is analyzing to purchase Free Now, a ride-hailing joint venture between Germany's top car manufacturing companies: Daimler (OTC: DDAIF) and BMW (DE: BMWG). Uber is interested in the acquisition of Free Now because the venture’s efforts to attract more investors to gain traction in the middle of the coronavirus pandemic was faced with many difficulties.
Stocks opened in the green on Monday evening, making this week's start a strong one.
Late Monday, A new $2.2 trillion bill was opened to tackle coronavirus economic repercussions by Democratic Lawmakers. The US hopes that before the country's presidential election in November, the stimulus package will give a fresh boost to the struggling economy. This action made companies such as Planet Fitness, Marriott, American Airlines, and Carnival Cruise Lines close their trades with gains in late trading.
President of the European Central Bank, Christine Lagarde, said to the European lawmakers on Monday that the central bank is ready to inject more monetary stimulus for the recovery of the continent's economy, which is severely damaged by the coronavirus pandemic.
According to the data by the Johns Hopkins University, the global death toll caused by COVID-19 passed 1 million on Tuesday 29.09.2020, nearly 25% of the deaths were European citizens.
The market will closely monitor the latest Brexit talks and the first debate between U.S. President Donald Trump and Joe Biden later on Tuesday.
The oil price came down as worries surrounding the impact on the demand from the growing Corona Virus cases became even stronger. The market participants are hoping for signs of U.S. oil demand to grow in inventory data on Tuesday 29.09.2020. from the American Petroleum Institute and the Energy Information Administration on Wednesday 30.09.2020.