Europe reports another day of big COVID numbers
on October 24, 2020 at 7:30 pm
Coronavirus daily numbers from Europe: That's a new record for Italy/France and the others are all very close. Expect the weekly pattern to show lower numbers on Mon/Tues and then pick back up on Wednesday.
Stock earnings calendar moves into the big names this week.
on October 24, 2020 at 2:45 pm
Lots of high profile names to announce earnings this week The earnings calendar for the week will ignite with a broad range of some of the biggest of the big names. On Thursday alone we get all the FAANGs sans Netflix (which disappointed with their subscriber numbers this week), but Facebook, Amazon, Apple, and Google is
Brazil will import Chinese-produced coronavirus vaccine Sinovac for trials
on October 24, 2020 at 5:54 am
Brazil’s President Jair Bolsonaro said last week China lacked the creditability to develop a cure for the coronavirus. Whoops. Now a Sao Paulo research centre, partnered with China's Sinovac Biotech Ltd, was granted “exceptional” permission to bring six million doses fo the COVID-19 drug into the country for phase three trials.
ForexLive Americas FX news wrap: Back and forth but relatively subdued
on October 23, 2020 at 8:58 pm
Forex news for North American trading on October 23, 2020: Markets: - Gold down $2 to $1902 - US 10-year yields down 2 bps to 0.836% - S&P 500 up 12 points to 3465 (down 0.5% on the week) We may have settled into a pre-election lull as it was a day of ebb and flows but not much conviction.
S&P affirms UK sovereign rating at AA with a stable outlook
on October 23, 2020 at 8:10 pm
S&P keeps the UK steady Last week Moody's downgraded the UK to Aa3, which is the equivalent of AA- in S&P terms. Fitch is also at AA-. S&P is not dissuaded by Brexit and mounting debt, evidently.
S&P moves Italy to BBB stable from BBB negative
on October 23, 2020 at 8:04 pm
S&P gets a boost The outlook on Italy was raised to stable from negative with the rating affirmed at BBB by S&P. No doubt it's due to Italy's strong long-and-short term commitments to fiscal restraint.
CFTC Commitments of Traders: Sterling shorts head to the exits
on October 23, 2020 at 7:55 pm
Forex futures positioning for the week ending October 20, 2020: The GBP shorts were wise to get out of the way ahead of Wednesday's news on restarting negotiations. The nearly-flat positioning now reflects the total lack of commitment in the trade lately.
Senator Shelby: Chances for a stimulus deal are 'slim'
on October 23, 2020 at 7:35 pm
Are we ready to move on? Mark Meadows is the only one who has had any kind of real optimism today and there's no sign of any movement on the key hangups of state and local funding along with liability protections. Trump himself today ranted about Democrats wanting too much money for states.