CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Morning wrap (16.10.2020)

05:38 16 October 2020
  • US indices finished yesterday's session lower but off the daily lows. S&P 500 closed 0.15% lower, Nasdaq declined 0.47% and Dow Jones slipped 0.07%. Russell 2000 gained 0.98%

  • Bears dominate during the Asian session. Nikkei trades 0.3% lower, S&P/ASX 200 declines 0.5% and Kospi drops 1%. Indices from China trade mixed

  • DAX futures point to a higher opening of the European session

  • Almost 400 thousand new coronavirus cases were reported yesterday. Death toll has exceeded 1.1 million while total case count stands at 39.1 million. 29.3 million people recovered

  • According to Financial Times, WHO study found out that Remdesivir has little impact on Covid mortality. In other news, Japanese Fujifilm is proceeding with getting approval for its coronavirus drug Avigan

  • Mnuchin said that if he reaches deal with Pelosi, Trump will convince Senate Majority leader McConnell to back it

  • Dutch Prime Minister Rutte said that United Kingdom needs to do more if it wants to reach a Brexit trade deal. Merkel said that progress was made but some issues remain

  • According to Australian media, China has asked domestic companies to stop buying cotton from Australia

  • Some Democrats working on Biden campaign contracted Covid-19. However, both Biden and Harris have tested negative

  • EUR and JPY are top moving majors while AUD and NZD are top laggards. EM currencies trade lower against USD

  • Oil is pulling back slightly after a very volatile trading yesterday

Another daily record has been set - almost 400 thousand new coronavirus cases. Source: worldometers, XTB

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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