Major indices close lower as the market digests Pres. Trump’s Covid diagnosis and no new stimulus deal 0 (0)

Major indices still close higher for the week
Although the NASDAQ fell over 2% today, the index still closed higher for the 2nd week in a row. The S&P index and Dow industrial average also closed higher for the week. The Dow and S&P snapped a 4-week losing streak.  The stocks snapped a 2 day winning streak

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ECB’s de Guindos: Hopes to finish strategy review by the middle of next year 0 (0)

Long way to go before the ECB commits to any firm inflation language
Recently, they have tried to push the on their inflation outlook/mandate but then Lagarde tried to make some inroads to ‚average‘ inflation targeting – similar to the Fed – earlier in the week .

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US September Challenger layoffs 119k vs 116k prior 0 (0)

Latest data released by Challenger, Gray, and Christmas Inc
– 116k
US-based employers announced an additional 118,804 job cuts in September, up 2.6% from August with bars, restaurants, hotels and amusement parks i.e. entertainment and leisure sectors, the bulk that drove layoffs last month.

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Brexit: ‚Landing zone‘ on state aid said to be identified, but fishing is the last sticking point 0 (0)

FT reporter, Sebastian Payne, tweets
Officials with knowledge of the talks say a landing zone on state aid has been identified but „fishing is the last sticking point. We both have to jump together.“

The mood in Whitehall as „cautiously optimistic“ but insiders warn „it’s going to go to the brink.“
report

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