• Ireland goes back into lockdown
• Wall Street rises ahead of stimulus talks deadline
• US Justice Department filed an antitrust lawsuit against Alphabet Inc's Google
European indices finished today's session in mixed moods as concerns about increasing number of COVID-19 cases in Europe mounted after Ireland decided to re-impose lockdown. Meanwhile many others EU countries, including Germany, Italy, France, imposed stricter restrictions. On the corporate front, IAG and Easy stocks gained over 5% after one-hour Covid-19 tests for passengers traveling to destinations that require pre-departure tests became available at Heathrow airport. Meanwhile other European companies including UBS, Swedbank, Logitech, Reckitt Benckiser, Orion and Sartorius Stedim posted better than expected quarterly figures. During today's session DAX 30 fell 0.8%, CAC 40 lost 0.1% and FTSE 100 finished 0.8% higher.
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Create account Try a demo Download mobile app Download mobile appMajor US indexes are trading near 1% higher, trying to recover yesterday losses, as investors are hoping for more stimulus from Washington, with Senate Republicans preparing to vote on a bill to help small businesses which are affected by the pandemic. Also 48 hours deadline imposed by Democrats is set to expire tonight. House of Representatives Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will also talk again on Tuesday, after a 53-minute telephone conversation on Monday "continued to narrow their differences" about the coronavirus aid package, a Pelosi spokesman said on Twitter. On the corporate front, earnings from Travelers, Procter & Gamble, ProLogis and Philip Morris surprised on the upside while IBM's results disappointed as revenues continued to decline in recent quarter. U.S. Justice Department sued Google, claiming that the tech-giant uses its market power to fend off rivals and said nothing was off the table, including a breakup of the company. Netflix Inc. and Texas Instruments will both provide their quarterly results after the market closes.
U.S. crude futures managed to erase early losses and are trading 0.32% higher at $40.95 a barrel, while the international benchmark Brent contract rose 0.14% to $42.68. During yesterday's meeting, OPEC+ Joint Ministerial Monitoring Committee made no decision regarding any changes to a plan to further ease oil output cuts from January. OPEC Secretary Muhammed Barkindo pointed out that OPEC and associated countries will not allow oil prices to fall amid the second wave of coronavirus. At the moment OPEC+ will comply with a deal to reduce output by 7.7 million bpd through December. Investors will now await the API report due later in the day.
Elsewhere, gold futures rose 0.3% to $1,910/oz, while silver is trading 0.75% higher at $25.68/oz.
USDCAD – during today’s session currency pair bounced off the 50 SMA (green line) and broke below the major support located at 1.3137. If the current sentiment prevails, the downward move could be extended to the 1.30 handle. Source: xStation5
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