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Daily Finance & Global News 6th November 2020 | Toyota, BIDEN CROSSES TRUMP - Capital Street Fx
1. Outcome of US presidential election on knife-edge; counting still on in key battleground states
Weary Americans will have to wait for some more time to know
the clear winner of the closely-fought election between Republican
President Donald Trump and his Democratic rival Joe Biden, as the
final outcome hinged on a few states on Friday where a flood of mail-in
ballots triggered by the coronavirus pandemic were still being counted.
Two days after the presidential election, Biden is nearing the magical figure of 270 electoral votes to win the race to the White House, with the former US vice president bagging 253 votes compared to 213 won by Trump, according to the latest US media projections.
2. Dollar Up, Despite Diminishing Hopes for Large U.S. Stimulus Package
The dollar was up on Friday morning in Asia, reversing earlier losses even
as a victor is yet to be declared in the U.S. presidential elections and
expectations that large stimulus packages to support the COVID-19-hit
economy will be rolled out soon diminish.The U.S. Dollar Index, which tracks the greenback against a basket of other currencies, was up 0.21% to 92.743 by 9:45 PM ET (1:45 AM GMT). Democrat Joe Biden is close to declaring a victory, with 264 of the 270 electoral votes needed to win and Pennsylvania, Georgia, Nevada and North Carolina still counting votes.
3. Seventeen U.S. states report record increase in COVID-19 cases
Seventeen out of 50 U.S. states reported record one-day increases
in cases of the novel coronavirus on Friday, a day after the country
set a record with nearly 105,000 new infections reported on Thursday,
according to a Reuters tally.
The outbreak is spreading in every region but is hitting the Midwest the
hardest, based on new cases per capita. Previously, the most states that
reported records for new cases in a single day was 16 on Oct. 30
4. Trump administration advances $2.9 billion drone sale to UAE
The U.S. State Department gave Congress notification it plans to sell 18
sophisticated armed MQ-9B aerial drones to the United Arab Emirates in
a deal worth as much as $2.9 billion, people briefed on the notification said.
This would mark the first armed drone export since the Trump
administration reinterpreted a Cold War-era arms agreement
between 34 nations to allow U.S. defense contractors to sell
more drones to allies.
5. Toyota more than doubles full-year profit outlook
Toyota Motor Corp (T:7203) more than doubled its full-year operating forecast on Friday amid a rebound in sales in China that were hit by the coronavirus pandemic earlier this year, even as it reported second-quarter operating profit slid 24%.
Japan's biggest automaker said it now expects an operating profit of 1.3 trillion yen ($12.6 billion) for the year through March 2021, up from a previous prediction for a 500 billion yen profit. -
Top 5 Global Market News 05 Nov 2020 | Business News, Stock Market News, Finance News
1. dollar dips in nervous trade as Biden inches closer to White House
The dollar slipped to its weakest level in more than two years against the yuan and ground lower against other Asian currencies as Democrat Joe Biden edged ever so closer to the White House in a nail-biting U.S. presidential election.
Financial markets, however, were braced for days or even weeks of uncertainty as Republican incumbent President Donald Trump has opened a multi-pronged attack on vote counts in several states by pursuing lawsuits and a recount.
2. Joe Biden, inching towards a victory in the US presidential
election.
Democratic candidate Joe Biden is inching towards a victory in the US presidential election. With 264 projected electoral college votes, Biden needs just six more to win the race to the White House. Biden is predicted to win the key states of Arizona, Michigan and Wisconsin, according to the Associated Press (AP)
.
US President Donald Trump, who is leading the states of Pennsylvania, North Carolina and Georgia, currently has 214 electoral votes, according to AP’s projected tally.
3. Australia signs two more COVID-19 vaccine deals.
Australia has agreed to purchase another 50 million doses of two more COVID-19 vaccines, Prime Minister Scott Morrison said on Thursday, as Canberra aims to complete a mass inoculation programme within months.
Australia in September said it had agreed to spend A$1.7 billion ($1.2 billion) to buy 85 million vaccine doses from AstraZeneca (L:AZN) and CSL Ltd (AX:CSL) should the trails prove successful
4. Orbimed Capital established new holdings in Prelude Therapeutics Incorporat
On the 25th of September, Orbimed Capital purchased 1.2 million Prelude Therapeutics Incorporated (PRLD) shares for $23 million at an average price of $19.00 per share. Shares of Prelude Therapeutics Incorporated are up 57.52% since the transaction.
Orbimed Capital's holding in Prelude Therapeutics Incorporat established a new holding of about 917 thousand shares with the purchase.
5. Twitter, Facebook fail to corral Trump's misinformation about U.S. vote count
As U.S. President Donald Trump and his allies flooded social media on Wednesday with false claims of victory and unsupported allegations of voter fraud, social media companies warned users that the presidential election had yet to be decided.
The posts on Twitter (N:TWTR), Facebook (O:FB) and other sites are imposing a real-time test of Silicon Valley's much-touted rules on handling election misinformation and premature claims of victory.
#USPresident #tradingstocks #stockmarketnews #marketnews -
Top 5 Global Market News 04 Nov 2020 | Business News, Stock Market News, Finance News
1. Dollar Up as Results from U.S. Elections Trickle In
The dollar was up on Wednesday morning in Asia, continuing its gains as polls close on election day in the U.S., with investors turning to the safe-haven asset as results from eastern states start coming in.
The economy and COVID-19 were the top two issues for voters, according to an Edison Research exit poll on Tuesday. The uncertainty continues as vote counting could go on for several days, delaying the outcome.
2. S&P 500 futures dip after early Florida vote results
U.S. stock market futures dipped late on Wednesday as early voting
projections emerged in a rancorous U.S. presidential election, with
investors hoping to avoid a prolonged process that would delay a
potential fiscal stimulus to help an economy reeling from the
coronavirus pandemic.
S&P Emini futures were last down 0.1%, partly reversing a rally during the official trading session in which the S&P 500 delivered its strongest one-day gain in almost a month.
3. China slams the brakes on Ant Group's $37 billion listing
China suspended Ant Group's $37 billion listing, thwarting
the world's largest stock market debut with just days to go
in a dramatic blow to the financial technology firm founded
by billionaire Jack Ma.
The Shanghai stock exchange said it had suspended the company's initial public offering (IPO) on its tech-focused STAR Market, prompting Ant to also freeze the Hong Kong leg of its dual listing scheduled for Thursday.
4. Global stocks whipsaw, bonds rally as U.S. vote agonizingly close
Asian share markets turned skittish and S&P futures wobbled on Wednesday as results from the U.S. presidential election showed an agonizingly close race with no clear winner yet in sight.
Investors had initially wagered that a possible Democratic sweep by Joe Biden could ease political risk while promising a huge boost to fiscal stimulus, hitting the safe-haven dollar and bonds.
5. Twitter, Facebook suspend some accounts as U.S. election misinformation spreads online
Twitter Inc (N:TWTR) and Facebook Inc (O:FB) on Tuesday suspended several recently created and mostly right-leaning news accounts posting information about voting in the hotly contested U.S. election for violating their policies.
Twitter said the accounts had been suspended for violating its policy against "coordination" by posting identical content while appearing independent or engaging in other covertly automated behavior.
#stockmarketnews #businessnews #globalmarketnews #forexnews #marketupdate -
46th US Presidential Elections | How Will It Impact The US Market
The coronavirus pandemic, an unprecedented number of ballots cast early, the lack of consistency about how these votes will be counted, and ongoing legal battles have made the outcome of the 2020 U.S. presidential election one of the hardest to predict.
As Americans head to polling stations on Tuesday, the question is not just whether Republican President Donald Trump will win a second four-year term or be defeated by his Democratic rival Joe Biden, but also when the result will be known.
Experts have cautioned against reading too much into early returns, which could be distorted by how each state processes the votes not cast in-person on Election Day.
#uselection #election2020 #election #presidentialelection -
Top 5 Global Market News 03 Nov 2020 | U.S. Election, Stock Market News, Finance News
1. What To Expect On U.S. Election Night And Beyond.
The coronavirus pandemic, an unprecedented number of ballots cast early, the lack of consistency about how these votes will be counted, and ongoing legal battles have made the outcome of the 2020 U.S. presidential election one of the hardest to predict.
As Americans head to polling stations on Tuesday, the question is not just whether Republican President Donald Trump will win a second four-year term or be defeated by his Democratic rival Joe Biden, but also when the result will be known.
2. Oil Prices Extend Rally Ahead Of U.S. Election.
Oil prices extended their rally on U.S. Election Day amid a recovery in financial markets on Tuesday, but concerns over surging coronavirus cases around the world capped further gains.
Brent crude futures rose 70 cents, or 1.8% to $39.67 a barrel, while U.S. WTI crude futures were up 78 cents, or 2.1%, to $37.59 a barrel. Both benchmarks gained nearly 3% on Monday.
3. European Shares Rise As Investors Bet On Clear Biden Poll Win.
European stock markets rose in early trading on Tuesday as investors bet on a clear win for Joe Biden as the United States votes its most polarised presidential election in living memory.
Steady earnings from French bank BNP Paribas lifted its shares by 6.5%, adding to a sense that the banking sector was holding up relatively well to an economic pounding from the COVID-19 crisis.
4. Bayer Takes $10 Billion Writedown, Flags Higher Roundup Settlement Bill.
Bayer is facing a double hit from a higher legal bill for claims relating to weedkiller Roundup as well as 9.25 billion euros ($10.82 billion) in impairments on agriculture businesses, much of it related to its Monsanto deal.
The company said the write-downs, driven by weaker demand from farmers due to low biofuel prices, plus an increase of about $750 million in the costs of settlement terms with U.S. plaintiffs over Roundup, resulted in a loss before interest and tax of 9.4 billion euros in the third quarter.
5. Twitter, Facebook Outline Action On Posts Claiming Early U.S. Election Victory.
Social media companies Twitter Inc. and Facebook Inc. on Monday outlined plans for placing warning labels on posts from U.S. election candidates and campaigns that claim victory in advance of official results.
The moves come as social network platforms brace for what has been an unusual election cycle due to a high number of mail-in ballots that may cause a delay in final results.
#USElection #USNEWS #StockMarketNews -
Top 5 Global Market News 02 November 2020 | Business News, Stock Market News, Trade Setup Today
1. Potential stock winners and losers from Tuesday's U.S. Election:-
Tuesday's presidential election between President Donald Trump and former Vice President Joe Biden could have dramatic effects on various stocks and sectors, and investors have spent months trying to identify potential winners and losers.
A group of stocks seen benefiting from Biden's Democratic policies has outperformed those seen benefiting from Republican Trump.
2. JPMorgan takes 71% in China securities business:-
JPMorgan will own 71% of its Chinese securities joint venture after completing the transaction to buy a 20% stake from one of its local partners, according to an exchange filing on Monday.
The deal, which was first flagged in September, will see the Wall Street bank edge closer to full ownership of the securities business in China as geopolitical relations between the United States and China remain fragile.
3. Britain extends help to coronavirus-hit borrowers
Britain's financial watchdog said on Monday it would extend payment holidays on credit cards, car finance, personal loans and pawned goods before tougher coronavirus restrictions come into effect this week.
Britain announced a one-month lockdown across England would start on Thursday to contain a second wave of the pandemic.
Consumers who have not yet had a payment deferral under guidance issued in July can request one that lasts for up to six months, the Financial Conduct Authority said in a statement.
4. Brexit talks go into another week as EU, the UK push to salvage trade deal:-
EU and British Brexit negotiators will continue talks in Brussels on Monday and until around mid-week, sources on both sides said on Sunday, in a sign both sides are still pushing to avoid a damaging breakdown in trade in less than nine weeks.
Intensive and secretive, the talks are a final bid to seal a new partnership agreement for when Britain's transition out of the European Union runs its course at the end of this year.
5. Alibaba-backed autonomous car firm AutoX to test in four more cities
Chinese autonomous vehicle startup AutoX, backed by Alibaba Group Holding Ltd, said it is preparing for tests in four more cities and will soon test its technology with FCA'S Pacifica minivan.
The four-year-old firm is also in talks with prospective investors to fund fleet expansion and development, Chief Executive Xiao Jianxiong told Reuters, without elaborating.
#stockmarketnews #businessnews #globalmarketnews #forexnews #marketupdate -
Top 5 Global Market News 30 October 2020 | Business News, Stock Market News, Trade Setup Today
1. Black franchisees at McDonald's file new discrimination lawsuit
McDonald's Corp (N:MCD) was hit on Friday with a potentially multi-billion-dollar lawsuit by Black franchise owners who accused the fast-food giant of racial discrimination for steering them to underperforming stores.
McDonald's was accused of placing Black franchisees in undesirable inner-city locations with high security and insurance costs and below-average sales, and driving many away by failing to support them as debts rise and profits fall short.
2. Dollar firms, euro hurt after ECB signals further easing
The dollar firmed on Friday and the euro wallowed near a four-week low against the greenback after the European Central Bank signalled further monetary easing by the end of the year.
The euro's overnight decline helped lift the U.S. dollar near four-week high against a basket of currencies.
3. Record-breaking early voting in U.S. election tops 80 million
More than 80 million Americans have cast ballots in the U.S. presidential election, according to a tally on Thursday from the U.S. Elections Project at the University of Florida, setting the stage for the highest participation rate in over a century.
The record-breaking pace, more than 58% of total 2016 turnout, reflects intense interest in the vote, in which incumbent Donald Trump, a Republican, is up against Democratic nominee Joe Biden, a former vice president.
4. Oil Up, After Hitting Four-Month Low
Oil was up on Friday morning in Asia after further sustained falls overnight. Prices hit a four-month low with COVID-19 surges threatening demand. Slowing demand combined with oversupply is pulling prices down.
Both Brent and WTI futures remained below the $40 benchmark with further falls expected, though Asian demand pulled up the general slide. Oil is now at its lowest point since May
5. Coronavirus forces Mexicans to celebrate Day of the Dead early
Mexicans this year paid their respects early to departed loved-ones in the capital city, where the coronavirus pandemic will cast a pall over cemeteries usually resplendent with color and light during the Nov. 1-2 Day of the Dead celebrations.
The festive tradition typically draws thousands of people to burial grounds and public plazas across Mexico, many dressed as skeletons, to picnic at gravesides and decorate altars with sugar skulls and photos of dead friends and relatives.
#stockmarket #stockmarketnews #businessnews #globalmarketnews #forexnews #marketupdate -
Top 5 Global Market News 29 October 2020 | Business News, Stock Market News, Finance News
1. Asian Stocks Down Over New Lockdowns in Europe
Asia Pacific stocks were down on Thursday morning, following European and U.S. shares’ lead as the number of COVID-19 cases continues to rise and fresh lockdowns increased worries about the economic impact.
Japan’s Nikkei 225 was down 0.72% , China’s Shanghai Composite
inched down 0.09% and the Shenzhen Component edged down 0.15%.
Hong Kong’s Hang Seng Index fell 1.38%., South Korea’s KOSPI
slid 1.77%, In Australia, the ASX 200 tumble 1.71%.
2. Gold futures log lowest settlement since late September
Gold futures fell sharply on Thursday, settling at their lowest in about a month. "The go-to safe haven just now is the U.S. dollar and the combined effect of a strong dollar, plus the need for investors to raise funds for margins calls,
December gold GCZ20, 0.15% fell $32.70, or 1.7%, to settle at $1,879.20 an ounce. That was the lowest finish for a most-active contract since Sept. 25, according to FactSet data.
3. Oil Up on Hurricane Shutdowns After 5% Drop Overnight
Oil was mixed on Thursday morning in Asia after a big 5% slide overnight that pulled both Brent and WTI futures below the $40 benchmark. Prices received a boost from Hurricane Zeta in the Gulf of Mexico.
Brent oil futures inched down 0.05% to $39.62 by 11:59 PM ET (3:59 AM GMT) and WTI futures were up 0.24% to $37.48.
4. Dollar Down Over Fresh European Lockdowns
The U.S. Dollar Index that tracks the greenback against a basket
of other currencies inched down 0.07% to 93.418, The USD/JPY pair
edged up 0.18% to 104.47, The AUD/USD pair gained 0.31% to 0.7066
and across the Tasman Sea, the NZD/USD pair was up 0.21% to 0.6650.
5. UK rejects 'Britain First' trade policy, taking swipes at U.S. and EU
Britain will on Thursday chide the "pernicious" trade practices of the United States and Europe, even as it tries to pin down deals with its most important allies in a post-Brexit drive to reinvent itself as a free trading nation.
Britain left the European Union in January, giving it the power to negotiate its own trade deals for the first time in 45 years - something ministers have promoted as the biggest economic benefit of leaving the world's largest trading bloc
#stockmarketnews #businessnews #globalmarketnews #forexnews #marketupdate -
Top 5 Market News Today 28 October 2020 | Asian Stocks, Gold, U.S. Dollar, Oil prices, Euro
1. Asian Stocks Continue Losses as COVID-19 Cases Continue to rising
Asia Pacific stocks were mostly down on Wednesday morning. They continued
Tuesday’s losses as worries over the economic impact of the ever-rising number
of COVID-19 cases continues to dampen investor sentiment.
Japan’s Nikkei 225 was down 0.24%, South Korea’s KOSPI inched down 0.03%,
In Australia, the ASX 200 was up 0.31%, Hong Kong’s Hang Seng Index fell 0.46%
China’s Shanghai Composite inched down 0.11%, while the Shenzhen Component
inched up 0.03%, reversing some earlier losses.
2.Gold Down Over Strong Dollar, Fading Hopes for U.S. Stimulus
Gold was down on Wednesday morning in Asia over a strengthening dollar and fading hopes of the U.S. Congress passing the latest stimulus measures before the country’s presidential election.
Gold futures edged down 0.14% at $1,909.30 by 12:30 AM ET (4:30 AM GMT), remaining above the $1,900 mark. The dollar was up on Wednesday.
3. Dollar Up, but Caution Reigns as U.S. Election Draws Ever Closer
The dollar was up on Wednesday morning in Asia, but investors are avoiding big moves and risks ahead of the U.S. presidential election on Nov. 3. In Europe, reports that France could reintroduce a national lockdown to curb the spread of COVID-19 sent the Euro tumbling against the dollar.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies was up 0.22% to 93.127
4. Oil falls 2% as rise in U.S. crude stocks fans oversupply fears
Oil prices slid about 2 percent on Wednesday, giving up most of the previous day's gains, as a surge in U.S. crude stocks and growing coronavirus infections in the United States and Europe fanned fears of a supply glut in oil and weaker fuel demand.
Brent crude (LCOc1) was down 76 cents, or 1.8%, at $40.44 a barrel by 0343 GMT, having climbed nearly 2% the previous day. U.S. oil (CLc1) was down 90 cents, or 2.3%, at $38.67 a barrel, after gaining 2.6% on Wednesday.
5. Euro under pressure on lockdown fears ahead of Macron address
The euro fell against the dollar on Wednesday following a media report that France's government was leaning toward reinstating a national lockdown to curb a resurgence in coronavirus cases.
The dollar, however, gave up early gains against other major currencies as sentiment turned bearish due to uncertainty about the outcome of the U.S. presidential election next week.
#Marketnews #Stockmarketnews #Businessnews -
Top 5 Market News Today 27 October 2020 | Asian shares hit by surging coronavirus cases
1. Asian shares hit by surging coronavirus cases
Asian stocks markets fell on Tuesday as soaring globalcoronavirus
cases and slow progress on a U.S. stimulusdeal hammered
investor sentiment and took a toll on Wall Street.
MSCI's gauge of Asia Pacific stocks outside Japan was down 0.43%,
with Australia's ASX 200 off 1.1% to an almost three-week low.China's
CSI300 Index edged down 0.1%, as investors looked out for any news from
a meeting of China's Communist Party leaders to set the next five-year plan.
2. Gold Rock-Solid Just Above $1,900 as Dollar Holds
A meltdown in stocks a week before the U.S. election and amid
alarming new Covid-19 cases sent investors scurrying to safe havens,
solidifying gold’s hold at just above $1,900 an ounce.
U.S. gold for December delivery settled at $1,905.70, up 50 cents,
or 0.03%, as the Dow plunged almost 3%.Spot gold, which reflects
real-time trades in bullion, was up $1.99, or 0.1%, at $1,903.55.
3. Dollar Down, U.S.-China Tensions Rise
The dollar was down on Tuesday morning, giving up earlier gains.
Tensions between the U.S. and China are rising and these concerns,
along with continuing worries over the second wave of COVID-19, drove
the steepest stocks selloff in a month and a bond rally.
The U.S. Dollar Index, which tracks the greenback against a
basket of other currencies, edged down 0.11% to 92.942
4. Oil Up, But Oversupply Fears Cap Gains
Oil was up on Tuesday morning in Asia after Monday’s large falls.
Surging coronavirus numbers globally are pushing demand
expectations down.
Oil pulled up from its downward trajectory in Asian trade this morning, witha record-
breaking 11th hurricane on its way into the Gulf of Mexico. Brent oil futures
rose 0.51% to $41.02. and WTI futureswere up 0.44% to $38.73.
5. the U.S. issues fresh Iran-related sanctions targeting state oil sector
The United States on Monday imposed fresh Iran-related sanctions
targeting the Islamic Republic's oil sector, including the Iranian Ministry
of Petroleum, in Washington's latest move to increase pressure on Tehran.
The U.S. Treasury Department in a statement said it was slapping
sanctions on key actors in Iran's oil sector for supporting the Quds
Force, the elite foreign paramilitary and espionage arm of the
Islamic Revolutionary Guard Corps.
#Asianshares #MarketNewsToday #Businessnews #SandP500futures
#Marketnews #News -
Top 5 Market News Today 26 October 2020 | Asia shares, Dollar, Apple, Global crude, Business News
1. Asia shares turn muted as S&P 500 futures slip
Asian shares got off to a subdued start on Monday as surging
coronavirus cases in Europe and the United states threatened
the global outlook, while China's leaders meet to ponder the
future of the economic giant.
MSCI's broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS)
went flat, still short of its recent 31-month peak. Japan's Nikkei (N225) dithered
either side of steady, and South Korea's main index lost 0.3% (KS11).
2. Gold ‘Breaking Down’ Against Bitcoin
Real Vision Group CEO and advocate Raoul Pal said that
gold is ‘breaking down’ against Bitcoin. That could be a
signal that the bullish case for BTC continues to gain ground.
In September, the bitcoin price gained about 30.36% against the
US dollar rising from $10,136 to $13,217. At the same time, gold
gained almost 2.25%, surging from $1,863 to $1,903.
3. Dollar firm as virus' spread and stimulus stalemate spur caution
The dollar found support on Monday, as surging coronavirus cases in Europe and the
United States and a lack of progress toward a U.S. stimulus package put traders
in a cautious mood, although hopes for a Brexit trade deal held sterling steady.
Against a basket of currencies (=USD), the greenback traded
between steady and slightly firmer early in the Asia session,
hovering around the middle of a range it has held for months.
4. OPEC+ cut decision will reverberate in US oil patch
The OPEC+ agreement, forged in April during the worst of the
pandemic market meltdown, saw the 23-country alliance rein in
nearly 10% of global crude supply and was critical in clawing back US
oil prices from negative territory to about $40/b now.
The cuts tapered once to 7.8 million b/d from 9.7 million
b/d in August, are scheduled to roll back further to 5.8
million b/d starting in January.
5. Apple supplier Luxshare unnerves Foxconn
Apple's (O:AAPL) top iPhone assembler, Taiwan-based Foxconn, has set up a
task force to fend off the growing clout of Chinese electronics manufacturer
Luxshare, which it believes poses a serious threat to its dominance, three
sources with knowledge of the matter said.
The project was initiated by Foxconn's founder Terry Gou,
to target Dongguan-based Luxshare (SZ:002475), which is
little-known internationally but is poised to become the first
mainland China-headquartered firm.
#MarketNewsToday #SandP500futures #Businessnews
#Marketnews #News -
Top 5 Market News Today 23 October 2020 | U.S. S&P 500, Gold, European Stocks, Australia stocks
1. Stocks hold tight ranges
U.S. S&P 500 futures had dipped slightly after the debate but were mostly flat by midday trade. The underlying index had gained about 0.5% in the previous day on hopes that the U.S. Congress and the White House could soon strike a deal on another round of COVID-19 stimulus.
2. Gold Up Over Strengthening Dollar, Trump and Biden Debate
Gold was up on Friday morning in Asia, despite a stronger dollar, as President Donald Trump and Democratic candidate Joe Biden made their cases in the final presidential debate
Gold futures edged up 0.20% at $1,908.35. The dollar
inched up on Friday, capping gains for the yellow
metal as its appeal to other currency holders lessened.
3. European Stocks Mixed; Investors Digest U.S. Presidential Debate
European stock markets are seen trading mixed at the open Friday, with investors digesting fresh curfew measures in Europe, the final U.S. presidential debate before the November election as well as the ongoing stimulus negotiations.
the DAX futures contract in Germany traded 0.3% lower, CAC 40 futures in France climbed 0.1% and the FTSE 100 futures contract in the U.K. rose 0.2%.
4.Australia stocks lower at close of trade; S&P/ASX 200 down 0.11%
Australia stocks were lower after the close on Friday, as losses in the Gold, Metals & Mining and Materials sectors led shares lower.
At the close in Sydney, the S&P/ASX 200 fell 0.11%.
The best performers of the session on the S&P/ASX 200 were Bluescope Steel Ltd (ASX:BSL), which rose 10.86% or 1.560 points to trade at 15.920 at the close.
5. Dollar Up, Ending Tough Week,
The dollar was up on Friday morning in Asia, ending a tough week as it saw losses against the euro and its largest weekly drop against the yen in a month. U.S. President Donald Trump and Joe Biden participated in a restrained final presidential debate before the Nov. 3 presidential election earlier in the day.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.08% to 93.043
#MarketNewsToday #EuropeanStocks #coronavirus #Dollar #NASDAQ
