BFJ Research
02.11.2020

 

Trending News Headline

Equity
Huawei Huawei develops plan for chip plant to help beat US sanctions
NYSE NYSE wins back listing crown from Nasdaq after luring Spacs
Mitsubishi Mitsubishi Heavy Industries will freeze its regional jet programme as the coronavirus crisis threatens a high-profile national project.
 
Fixed Income
US Bond The yield on 10-year Treasuries rose five basis points to 0.87% on Friday.
 
Currency
EUR Eurozone economic forecasts slashed as fresh lockdowns imposed; Belarus opposition leader calls on EU to step up sanctions against regime;
USD Trump tries to cut Biden’s poll lead with blitz of rallies; More than 93m have already cast ballots as election campaign enters final stretch; Florida recount haunts Supreme Court as it tackles mail ballots; The US reported its biggest single-day jump in cases, with more than 97,000 new infections on Friday
GBP ‘Grim’ mood among Tory MPs turns darker after admission month-long lockdown could be extended
CNY China boosts foreign access to huge onshore capital markets
 
Metal
Gold Gold was steady at $1,879.19 an ounce.
 
Energy
WTI West Texas Intermediate crude slid 2.9% to $34.75 a barrel.
 
COVID-19 Global Pandemic Latest
Region Confirmed Cases New Cases Recovered
Global 46,797,808 +429,901 33,726,523
U.S. 9,470,838 +68,248 6,096,051

Charts to Watch

Chart 1. The speed and scale of Covid’s comeback has prompted urgent effort to understand why it has happened and what can be done about it

Chart 2. US equities experienced worst month since March

Daily Directional and Trending Screen