By Adam Vettese Markets sold off globally on Monday, with US stocks suffering their worst day in a month, on the back of record Covid-19 case numbers. On Sunday, White House chief of staff Mark Meadows told CNN that “we’re not going to control the pandemic,” with the US death total closing in on 250,000Continue reading “Stocks sell off sharply to start the week”
By eToro This week the markets took a negative turn as, once again, the stimulus conversation did not seem to be reaching any sort of conclusion. With House speaker Nancy Pelosi walking back her deadline for a fiscal stimulus bill, the market was left uncertain as to whether a stimulus deal would be put inContinue reading “Weekly Stock Market Update: Markets Retreat Amidst a Strong Earning Season”
By Adam Vettese US stock futures fell on Sunday evening, as a deal on a new fiscal stimulus package in the US agreed before next week’s presidential election looks to be a long shot. The US Covid-19 new case rate has raced back to record-setting levels of around 80,000 daily, including multiple staff in ViceContinue reading “Surging coronavirus cases sink US stock futures”
By Adam Vettese Stocks were higher yesterday, as weekly data on US unemployment benefit claims showed that new jobless claims fell to 787,000 last week from 842,000 the week prior. Officials also revised downwards the number of people who filed a new jobless claim in the two weeks before that, with the final total forContinue reading “New US jobless claims drop to lowest level since March”
By Adam Vettese Tesla matched up to investor expectations in its post-market close Q3 earnings report on Wednesday. The company, one of 2020’s highest-profile stocks, delivered its fifth consecutive quarter of profit, with a $331m GAAP net income on revenue of $8.8bn. Tesla said that it delivered a record 139,300 vehicles during the third quarterContinue reading “Tesla delivers fifth quarter of profit, record sales”
By eToro The impact of the coronavirus on our society has almost been equalled by its effect on the economy as many businesses around the world are having to close or reintroduce severe restrictions. In the UK, we are facing circuit-breaker lockdowns, elsewhere, there are curfews and new plans to tackle the spread. But theContinue reading “Looking beyond Covid-19 for investment ideas”
By eToro The markets started strongly this week before pulling back, as we saw the NASDAQ fall for four consecutive days. Tech stocks Amazon, Salesforce and Shopify took advantage of the retreat to carve out new handles on their bases and provide lower buy points, with other companies such as Apple and Microsoft expected toContinue reading “Weekly Stock Market Update: Markets Enter Turning Point While US Stimulus Uncertainty Continues”
By Adam Vettese The FTSE has opened down 1% as the UK government announced further stricter regional lockdown measures, this time in the Greater Manchester area from tomorrow. Interestingly there are some bright spots in some of the most beleaguered sectors such as financials, industrials and travel as the US inches closer to agreeing aContinue reading “European markets slip on further Covid restrictions”
By Adam Vettese House speaker Nancy Pelosi’s 48-hour deadline for lawmakers and the White House to agree on a new stimulus package before the election was met with a cold reception by investors on Monday. There was hope of a deal being reached imminently to help safeguard the US economic recovery, but that is becomingContinue reading “Stocks slump to start week on pre-election stimulus doubts”
By Avner Meyrav 2020 was one of the most eventful years in recent history. The COVID-19 pandemic crippled multiple segments of global markets, US and China had an ongoing trade spat and the price of oil reached unprecedented lows. But the year is not over yet, and there is at least one more major event thatContinue reading “How will the US Election Impact Global Markets?”
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