The blue-chip Dow just closed out October with a 4.6% loss, marking its worst monthly performance since March.
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Painful sell-off is running out of steam, market bull Ed Yardeni says
Edward Yardeni of Yardeni Research sees the backdrop supporting a run to record highs in 2021.
Markets Week Ahead: Nasdaq 100, Gold, US Dollar, Crude Oil, All Eyes on Election
US stocks suffered their worst week in over 7 months as the Nasdaq 100, Dow Jones sank. Gold prices fell as the liquid US Dollar rose. The US Presidential Election and rising Covid-19 cases are lik…
Italy to introduce three-tier system to try and curb the spread of the virus
As confirmed by Italian prime minister, Giuseppe Conte
– This will divide the country into three areas based on degree of risk
– There is a high possibility that 15 of 20 regions will exceed critical level of intensive care within a month, so we must intervene
Italy steps up measures to deal with the second wave, with
– This will divide the country into three areas based on degree of risk
– There is a high possibility that 15 of 20 regions will exceed critical level of intensive care within a month, so we must intervene
Italy steps up measures to deal with the second wave, with
What is the key risk for the market ahead of the US election tomorrow?
What are the odds of the election result getting delayed?
In my view, the key risk for the market is that we see a tightly contested election where there is no clear winner just yet. That could see neither side submit defeat and there might be a bit of a limbo that could take days –
In my view, the key risk for the market is that we see a tightly contested election where there is no clear winner just yet. That could see neither side submit defeat and there might be a bit of a limbo that could take days –
Citi revises slightly BOE forecast, sees £75 billion QE boost this week
No negative rates expected yet
The firm now expects the BOE to increase QE by £75 billion as opposed to its previous call of a £50 billion increase, saying that the new package should run until May 2021.
The firm now expects the BOE to increase QE by £75 billion as opposed to its previous call of a £50 billion increase, saying that the new package should run until May 2021.
Stocks surge higher on the session
S&P 500 futures now up by over 1%
Meanwhile, regional stocks in Europe are also gaining by over 1% for the most part with the DAX leading the way with gains of 1.5%.
Meanwhile, regional stocks in Europe are also gaining by over 1% for the most part with the DAX leading the way with gains of 1.5%.
Goldman Sachs cuts European growth forecasts amid virus resurgence, lockdown measures
No surprises here
I always make mention that when it comes to forecasts, especially during this time, take them with a pinch of salt. They mean little considering that there is no certainty on how the virus situation is going to progress and how governments will respond.
I always make mention that when it comes to forecasts, especially during this time, take them with a pinch of salt. They mean little considering that there is no certainty on how the virus situation is going to progress and how governments will respond.