BFJ Daily Hawkeye by Session AP 17112020

BFJ Research
17.11.2020

Trending News Headline

Equity
Airbnb	Airbnb woos investors with return to profit ahead of IPO
Goldman	Goldman investment bank co-head Gregg Lemkau quits to run Dell fund
Berkshire	Buffett pulls back on banks and bets on drugmakers
Citi	Citi strategists said vaccine rollout success could prompt 20% drop in dollar in 2021
Moderna	Moderna’s Covid jab shows 94.5% efficacy in clinical trials

Fixed Income
US Bond	The yield on 10-year Treasuries rose one basis point to 0.91%.

Currency
USD	Biden warns ‘more may die’ if Trump refuses to co-ordinate on Covid; Fed vice-chair signals possible changes to central bank’s bond-buying programme; US adds more than 1m cases in a single week
GBP	UK to order 5m doses of Moderna vaccine; UK health secretary highlights role for mass testing in Christmas plans; England’s post-lockdown restrictions might have to be stricter than the previous three-tier system, a senior public health official has signalled.
EUR	EU hopeful of reaching deal soon for Moderna vaccine
CNY	China’s retail sales rose at their fastest rate this year in October. But the Asia-Pacific region is at a crossroads as countries report fresh outbreaks of Covid-19

Metal
Gold	Gold was steady at $1,889.53 an ounce.

Energy
WTI	West Texas Intermediate crude rose 0.2% to $41.42 a barrel.

COVID-19 Global Pandemic Latest
Region	Confirmed Cases	New Cases	Recovered
Global	55,308,920	+477,182	38,410,851
U.S.	11,523,583	+147,675	7,011,626