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

Charts to Watch

Chart 1. New US jobless claims fall close to the lowest level since March

Chart 2. Drop in UK consumer confidence fuels double-dip recession fears

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