Before the bell: Volatility remains low post-Thanksgiving November 27, 2020 It was a subdued session yesterday as the US celebrated Thanksgiving and in turn the US stock market was closed. Dealers in the rest of the world largely sat on their hands while their US-based counterparts enjoyed their turkey. It was a quiet day in terms of news flow and there was little appetite for [...]
US unemployment benefit numbers spike on fresh Covid-19 resurgence fears November 19, 2020 The number of Americans filing new claims for unemployment benefits unexpectedly rose last week as new business closures to control the spiraling Covid-19 infections unleashed a fresh wave of layoffs and further slowed the labor market recovery.
Biden the bullet: US President-elect unveils $7 trillion coronavirus recovery package November 16, 2020 US President-elect Joe Biden has unveiled details of his $7 trillion coronavirus recovery package, as the Democrat lays the groundwork for America to “Build Back Better” from the worst Covid death toll in the world. Biden today announced his administration would invest $300bn in “the most critical competitive new industries and technology” to help the [...]
Moderna vaccine prevents 94.5 per cent of coronavirus November 16, 2020 Covid-19: Moderna vaccine close to 95 per cent effective against coronavirus, but the UK hasn't yet ordered any doses
Pfizer’s Covid-19 vaccine news set off a $2 trillion trading frenzy on markets November 10, 2020 Pfizer's Covid-19 vaccine news set off a $2 trillion trading frenzy on markets
Bad connection: Zoom shares sink after Pfizer Covid-19 vaccine breakthough November 9, 2020 Bad connection: Zoom shares sink 16% after Pfizer Covid-19 vaccine breakthough
US employment growth hits five-month low but beats estimates November 6, 2020 The number of Americans finding new work slipped to its lowest level in five months in October as stimulus petered out and coronavirus cases rose, although the figures came in well above expectations. Last month 638,000 Americans found jobs, the US Labor Department said today in its monthly non-farm payrolls report. That was down from [...]
Biden vs Trump: what are markets telling us? November 2, 2020 | City Talk With less than a week to go until the US presidential election, will Biden’s lead in the polls be enough to convince investors that Trump is poised for defeat? Many think not. After all, the polls notoriously got it wrong four years ago when Trump beat Hillary Clinton. For this reason, there has been heightened [...]
US economy rebounds with record growth, but now faces new headwinds October 29, 2020 The US economy grew at a record pace in the third quarter of the year after the devastation of the spring, according to figures that will no doubt please President Donald Trump ahead of the election. US GDP grew at a quarterly rate of 7.4 per cent, the Bureau of Economic Analysis said, following a [...]
The City View: Michael Hewson on how markets could react to the US election October 29, 2020 In this episode Christian is joined by CMC Markets’ chief market analyst Michael Hewson, who gives his take on the state of the US economy and how markets could respond to either a Biden victory or four more years of Donald Trump. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Michael looks at the current health of [...]