Morning wrap (03.11.2020)

7:27 AM 3 November 2020
  •  US indices finished Monday's session higher. The Dow Jones rose 1.6% while S&P 500 gained 1.2% and Nasdaq added 0.4%
  •  Upbeat moods prevail in the Asian markets today. Nikkei rose 1.39%, Kospi increased 1.6%  and Hang Seng surged 2.15%. S&P/ASX 200 jumped 1.9%. Dax futures point to a higher opening of the European session
  • Reserve Bank of Australia's decided to cut its cash rate to an all-time low of 0.1% from 0.25% during its November meeting
  • RBA's Lowe said that negative policy rate is 'extraordinarily unlikely'
  • Hong Kong's SFC says the government will require all cryptocurrency trading platforms to be regulated whether or not they trade securities
  • According to the South China Morning Post, China is expected to ban imports of Australian wheat
  • Biden is ahead in six "battleground states"  according to CNBC polls
  • Canada's Public Safety minister says will keep its border with the US closed as long as needed
  • Special Operations for Austria's Armed Forces have been deployed to Vienna to secure the city due to the terrorist attack
  • Magnitude 6.0 earthquake hits Chile
  • EUR and CHF are leaders among major currencies while AUD and CAD lag the most

New coronavirus cases around the world continue to surface in high numbers. More than 472,000 new infections were reported yesterday. Source: worldometers, XTB

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