Morning wrap (09.11.2020)

7:30 AM 9 November 2020
  • Associated Press, CNN and Fox News declared that Joe Biden won US presidential elections

  • In spite of pressures from aides and family members, Donald Trump still refuses to acknowledge his defeat. Trump campaign plans to file more lawsuits today

  • Asian equities rally at the start of a new week. S&P/ASX 200 trades 1.75% higher, Nikkei gains 2.3% and Kospi adds 1.1%. Indices from China trade 1.3-2.4% higher

  • DAX futures point to a higher opening of the European session. US futures trade higher as well

  • According to Bloomberg report, EU may delay $4 billion tariff move in Boeing-Airbus dispute as Biden's presidency may mean fresh start in EU-US trade relationship

  • More than 600,000 new coronavirus cases were reported on Friday and Saturday. United States reported over 100 thousand new cases in each of the past five days

  • Chinese exports increased 11.4% YoY in October (exp. 9.3% YoY) while imports rose 4.7% YoY (exp. 9.5% YoY)

  • EU chief Brexit negotiator Barnier said that EU-UK talks will continue this week. Climate change, employment, environment protection and state aid will be discussed

  • At least 11 have died during an attack on the Iraqi army outpost near Baghdad. ISIS is said to be behind the attack

  • Turkish President Erdogan ousted central bank governor amid lira's slump to record levels. Turkish finance minister Albayrak (privately Erdogan's son-in-law) will step down due to health reasons

  • Apple suspended business with Pegatron, major Iphone manufacturer, after the company was revealed to violate labour laws with student workers

  • Oil books solid gains at the start of a new week. Precious metals also gain but palladium lags behind

  • AUD and NZD are top moving major currencies while JPY and CHF are top laggards 

A new, daily case record was set on Friday when more than 620 thousand coronavirus infections were reported globally. Source: worldometers, XTB

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits