European Council's president Michel: EU must mobilize a lot of money for recovery while protecting the rule of law

Market news

4 September 2020

European Council's president Michel: EU must mobilize a lot of money for recovery while protecting the rule of law

Says that squaring the circle on the rule of law mechanism for EU's funds is the biggest challenge to implementing coronavirus recovery deal
Not certain there will be new, post-Brexit deal with Britain; hoping that there will be a deal but not at all cost
Britain must come clean on state aid plans; level-playing field is key and essential

Canada: Ivey Purchasing Managers Index, August 67.8

U.S. Stocks open: Dow +0.44%, Nasdaq -0.19%, S&P +0.22%

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