Morning wrap (28.10.2020)

7:45 AM 28 October 2020
  • US indices finished yesterday's session mixed. S&P 500 dropped 0.3%, Dow Jones declined 0.80% and Nasdaq gained 0.64%

  • Stocks in Asia are trading mixed. Nikkei and Nifty drop while S&P/ASX 200 and Kospi gain. Indices from China trade mostly higher

  • US and European futures were trading lower overnight by reports that lockdowns in Europe could be returning. France is reportedly considering a month long nationwide lockdown while Germany mulls a soft, 2-week long nationwide shutdown.

  • UK media report that Prime Minister Boris Johnson is pressured to impose a new lockdown as well

  • Over 7,000 coronavirus related deaths were reported yesterday, the highest daily death toll since the beginning of August

  • China urged United States to withdraw from arm sales to Taiwan

  • Australian CPI increased 1.6% QoQ in Q3 2020 (exp. 1.5% QoQ)

  • Microsoft released Q3 earnings after session close yesterday. Revenue at $37.15 billion was higher than expected ($35.72 billion). Adjusted EPS of $1.82 also came above expectations ($1.54). Stock dropped in the after-market trading after issuing weaker than expected revenue guidance

  • API report hinted at 4.557 million barrel build in US inventories (exp. +1.1 mb)

  • EUR and USD are the worst performing major currencies while AUD and JPY gain the most

  • Precious metals gain on USD weakness

Pandemic situation. 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