• US indices finished Thursday's session higher. The Dow Jones rose 0.2%, S&P 500 added 0.4% and Nasdaq gained 0.9%
• Mixed moods prevail in the Asian markets today. Nikkei lost 0.42%, Kospi rose 0.07% and Hang Seng gained 0.38%. S&P/ASX 200 dropped 0.12%. Dax futures point to a lower opening of the European session
• US reported a record daily high of 185,000 new COVID-19 cases on Thursday
• US Senate Democratic Minority Leader Chuck Schumer said Republican Majority Leader Mitch McConnell had agreed to revive stimulus talks as COVID-19 cases continue to rise.
• US Treasury Secretary Steven Mnuchin said on Thursday he will not extend several emergency loan programs set up with the Federal Reserve to support the economy ravaged by the COVID-19 crisis (these programs will expire on December, 31st). Mnuchin added that he is requesting that the Fed return to the Treasury the unused CARES funds appropriated by Congress for the operation of the programs.
• People's Bank of China left its key interest rates steady for the seventh straight month at its November fixing. The one-year loan prime rate (LPR) was left unchanged at 3.85% after two cuts this year, while the five-year remained at 4.65%.
• Pfizer is expected to file FDA application for COVID-19 vaccine today
• Japan Prime Minister Yoshihide Suga said Thursday that Japan is on maximum alert while metropolitan Tokyo raised its alert level to the highest of four.
• Australia retail sales rose by 1.6 % month-over-month in October, well above market consensus of a 0.3 % rise and after a 1.1 % fall a month earlier, a preliminary reading showed.
• AUD and NZD are leaders among major currencies while USD and JPY lag the most
• Mixed moods prevail in the Asian markets today. Nikkei lost 0.42%, Kospi rose 0.07% and Hang Seng gained 0.38%. S&P/ASX 200 dropped 0.12%. Dax futures point to a lower opening of the European session
• US reported a record daily high of 185,000 new COVID-19 cases on Thursday
• US Senate Democratic Minority Leader Chuck Schumer said Republican Majority Leader Mitch McConnell had agreed to revive stimulus talks as COVID-19 cases continue to rise.
• US Treasury Secretary Steven Mnuchin said on Thursday he will not extend several emergency loan programs set up with the Federal Reserve to support the economy ravaged by the COVID-19 crisis (these programs will expire on December, 31st). Mnuchin added that he is requesting that the Fed return to the Treasury the unused CARES funds appropriated by Congress for the operation of the programs.
• People's Bank of China left its key interest rates steady for the seventh straight month at its November fixing. The one-year loan prime rate (LPR) was left unchanged at 3.85% after two cuts this year, while the five-year remained at 4.65%.
• Pfizer is expected to file FDA application for COVID-19 vaccine today
• Japan Prime Minister Yoshihide Suga said Thursday that Japan is on maximum alert while metropolitan Tokyo raised its alert level to the highest of four.
• Australia retail sales rose by 1.6 % month-over-month in October, well above market consensus of a 0.3 % rise and after a 1.1 % fall a month earlier, a preliminary reading showed.
• AUD and NZD are leaders among major currencies while USD and JPY lag the most
Yesterday 647 719 000 new coronavirus cases were reported which is the second highest number since the pandemic began. Source: worldometers, XTB
