London Capital Group | Nov 23, 2020 08:00
News
What Else?
Week Ahead
Quote of the day
"If there are no stupid questions, then what kind of questions do stupid people ask? Do they get smart just in time to ask questions?” – Scott Adams.
WRAP
Stocks fell on Friday as rising new coronavirus cases, coupled with questions around central-bank funding for key emergency programs, cast doubt on a swift economic recovery. The Dow Jones dropped 0.8% while the Nasdaq pulled back by 0.4%. Boeing (NYSE:BA) and Salesforce were the worst-performing stocks in the Dow, falling 2.9% and 2.5%, respectively. The pan-European Stoxx 600 closed up by almost 0.5%, with oil and gas stocks climbing 1.5% to lead gains. U.S 30Y Yields tumbled, erasing all of the Pfizer (NYSE:PFE) vaccine spike. The Dollar drifted lower all week, back at the post-election, pre-Pfizer-vaccine lows. Bitcoin neared its record high.
The U.S. seven-day average of daily new Covid-19 infections now stands at 165,029, 24% higher than a week ago. Many states have rolled back reopening plans and implemented fresh restrictions to curb the spread. On the U.S fiscal front, Treasury Secretary Steven Mnuchin announced plans to allow several of the Federal Reserve’s emergency lending programs to expire on Dec. 31.
Original Post
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.