BFJ Daily Hawkeye by Session AP 23102020

BFJ Research
23.10.2020

Trending News Headline

Equity
Goldman	Goldman subsidiary pleads guilty in 1MDB scandal
Gilead	Gilead’s remdesivir becomes first FDA approved Covid-19 drug
Airbus	Airbus set to boost production of world’s most popular passenger jet A320
Coca-Cola	Coca-Cola’s sales decline slows but pandemic uncertainty lingers
Intel	Intel earnings fall by nearly a quarter sending shares down 10%

Fixed Income
US Bond	The yield on 10-year Treasuries added four basis points to 0.86%.

Currency
USD	Trump ratchets up attacks on media ahead of final debate; Joe Biden vows to set up bipartisan committee on US court reform; New US jobless claims fall close to the lowest level since March; US Senate panel approves subpoenas for chiefs of Facebook and Twitter, Republicans want to know why platforms restricted access to story about Joe Biden’s son; US warns of election interference by Iran and Russia
GBP	Drop in UK consumer confidence fuels double-dip recession fears; Sunak announces more generous UK jobs support scheme
JPY	Japan’s financial system will be threatened by rising defaults if the Covid-19 downturn is prolonged, the Bank of Japan has warned
EUR	The EU and UK embarked on an intensified final phase of Brexit talks after Britain agreed to lift its block on negotiations, prompting the biggest rally in the pound since March
AUD	Australia to export green hydrogen to Asia

Metal
Gold	Gold was at $1,905.63 an ounce.

Energy
WTI	West Texas Intermediate crude was at $40.64 a barrel.

COVID-19 Global Pandemic Latest
Region	Confirmed Cases	New Cases	Recovered
Global	41,941,462	+454,007	31,156,686
U.S.	8,653,795	+68,445	5,647,200