Morning wrap

5:30 AM October 14, 2020
  • US indices finished yesterday's trading with moderate losses. Dow Jones dropped 0.55%, S&P 500 declined 0.63% and Nasdaq closed 0.10% lower. Russell 2000 dropped 0.61%

  • Downbeat moods can be spotted on the Asian markets. S&P/ASX 200 declines 0.3%, Kospi drops 0.9% and Nifty trades 0.6% lower. Nikkei trades flat. Indices from China decline

  • DAX futures point to a slightly lower opening of the European session

  • Republicans proposed a $500 billion stimulus deal but Democrats are reportedly against lowering their demands

  • Coronavirus vaccine trial of Eli Lilly was paused due to safety concerns

  • Netherlands agreed on a partial lockdown of the country. Media suggest that United Kingdom may decide on a 2-week lockdown as well

  • Bloomberg reports that no progress was made in the EU-UK talks this week

  • Saudi Crown Prince Salman and Russian President Putin will urge OPEC+ not to ease output cuts

  • Chinese President Xi said that development of Mainland China will be integrated with Hong Kong and Macao

  • Japanese industrial production increased 1% MoM in August (exp. +1.7% MoM)

  • Precious metals advance amid risk-off moods. Oil and industrial metals decline

  • AUD and NZD are top moving major currencies while GBP and CHF lag the most

Over 310 thousand new coronavirus cases were reported yesterday. Source: worldometers, XTB

Share:
Back
Xtb logo

Join over 781 000 XTB Group Clients from around the world

Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please make sure you fully understand all risks.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.

Losses can exceed deposits

r('style', 'transform: translateY(-' + (jQuery('.js-warnings').height() - 15) + 'px) !important'); }); }