BFJ Daily Hawkeye by Session AP 05112020

BFJ Research
05.11.2020

Trending News Headline

Equity
Biogen	Biogen shares leap after ‘substantial evidence’ Alzheimer’s drug is effective
Ant	Beijing says it halted $37bn Ant IPO to protect market stability

Fixed Income
US Bond	The yield on 10-year Treasuries sank 13 basis points to 0.77%, the lowest in more than a week on the biggest tumble in more than seven months

Currency
USD	Biden boosted by Wisconsin and Michigan victory as vote count drags on; Investors pile into tech stocks and Treasuries as ‘blue wave’ trade unravels

Metal
Gold	Gold weakened 0.2% to $1,904.85 an ounce.

Energy
WTI	West Texas Intermediate crude gained 3.4% to $38.94 a barrel, the highest in more than a week on the largest rise in more than four weeks.

COVID-19 Global Pandemic Latest
Region	Confirmed Cases	New Cases	Recovered
Global	48,387,026	+543,747	34,623,581
U.S.	9,794,448	+101,482	6,282,427