CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 77% 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 (27.10.2020)

07:32 27 October 2020
  • US indices took a dive during yesterday's session on Wall Street. S&P 500 declined 1.86%, Nasdaq dropped 1.64% and Dow Jones closed 2.29% lower. Russell 2000 declined 2.21%

  • Indices in Asia-Pacific are trading lower as well. S&P/ASX 200 declines 1.7%, Nikkei drops 0.1% and Kospi trades 0.6% lower. Indices from China trade mixed

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

  • Senate Majority Leader McConnell adjourned the US Senate until November 9. This means that US stimulus bill will not be passed before elections

  • Bild reports that France is considering full lockdown in Paris, Lyon and Marseille

  • Study by Imperial College of London claims that the level of coronavirus antibodies within recovered patients drops too fast to develop herd immunity. However, study was not peer reviewed yet

  • Chevron decide to shut down production in Gulf of Mexico as hurricane Zeta approaches

  • Trump has once again claimed that there are many irregularities with mail-in ballots. Twitter banned his tweet on the matter

  • United States approved more advanced weapon sales to Taiwan. China opposes this and urges United States to halt arms sales to Taiwan

  • South Korean GDP increased 1.9% QoQ in Q3 2020

  • Chinese industrial profits increased 10.1% YoY in September. However, they are -2.4% YoY lower if we consider January-September period

  • CAD and NZD are top moving currencies while USD and JPY are top laggards. EM currencies trade higher against US dollar

  • Precious metals advance on USD weakness. Oil ticks higher as approaching hurricane disrupts production in Gulf of Mexico

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

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 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. XTB 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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