Opening Bell: COVID Pressures EU Markets, U.S. Futures Rise On Stimulus Hopes
Investing.com | Oct 20, 2020 12:29
- Coronavirus restrictions announced across Europe
- Pelosi and Mnuchin said to “narrow their differences”
- Brexit talks are likely to continue at least into next week as the UK and EU struggle to reach an agreement on any future trading relationship.
- The final presidential debate before the Nov. 3 election between President Donald Trump and former Vice President Joe Biden, will be live from Nashville, Tennessee on Thursday.
- September building permits, a key indicator of housing demand are due to be reported today.
- S&P 500 futures rose 0.4%.
- Topix index fell 0.8%.
- South Korea’s KOSPI index was flat.
- Hong Kong’s Hang Seng Index fluctuated.
- Shanghai Composite Index was little changed.
- The yen was at 105.51 per dollar, down 0.1%.
- The Dollar Index was flat.
- The euro traded at $1.1778, up 0.1%.
- The yuan was at 6.6778 per dollar.
- The Aussie fell 0.5% to 70.41 U.S. cents.
- The yield on US 10-year Treasuries held below 0.77%.
- Australia’s 10-year bond yield was at 0.76%.
- West Texas Intermediate crude fell 0.6% to $40.57 a barrel.
- Gold slid 0.1% to $1,902.03 an ounce.
Key Events/h2
Contracts on the Dow, S&P, NASDAQ and Russell 2000 rebounded on Tuesday on lingering hopes of a breakthrough on a US fiscal aid packaged. However, European markets, including the Stoxx 600, were under pressure as a continued increase in coronavirus cases offset positive corporate earnings releases.
The dollar remains under pressure and oil is down on concerns that demand will fall as restrictions are increased across Europe
Global Financial Affairs/h2
S&P futures—which fell overnight on Monday—jumped after a spokesman for US House Speaker, Nancy Pelosi said the divide between the Democrats and Republicans was narrowing.
That positive outlook failed to reach Europe which is besieged by a failed to give definitive guidance on the status of oil production quotas. The second wave of coronavirus is also hampering the demand outlook.
Up Ahead/h2
h2 Market Moves/h2 Stocks/h3
Currencies/h3
Bonds/h3
Commodities/h3
Currencies/h3
Bonds/h3
Commodities/h3
Commodities/h3
Get The App
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.