
A stimulus package could arrive before the US presidential elections
The US
The benchmarks closed higher after House Speaker Nancy Pelosi announced that the Democrats and the Republicans are starting to see eye to eye regarding the new stimulus package.
Snap’s Q3 earnings also boosted the markets. USA30 rose 0.07%, while USA500 gained 0.35%. TECH100 closed up 0.32%.
Crude Oil closed at $40.03 per barrel after it lost 4%. Brent was down 3.4% to $41.73.
Gold rose 0.4% to $1,929.50 per ounce.
The Dollar Index lost 0.5% to settle at 92.46 – a seven-week low.
Asia and Australia
Japan225 gained 0.48% after the US markets showed optimism about the new stimulus package.
HongKong45 closed 0.52% higher as the social distancing measures have been eased.
Down under, Australia200 inched up 0.10% after key economic data showed an 0.2% increase in retail sales figures.
Europe
The second wave of COVID-19 infections made various countries take measures to tackle the spreading process.
France imposed new curfews, while the UK has Manchester under "tier 3" lockdown.
The positive Q3 earnings from Ericsson didn't boost the markets.
Germany30 traded 0.3% lower, while France40 fell 0.2%. UK100 closed 0.4% lower.
EUR/USD closed at 1.1854 after it gained 0.3%.
Sources: reuters.com, investing.com
This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation or the particular needs of any recipient.
You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.
This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent. Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of za.capex.com
JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.