Elections 2020: US Dollar Soar Despite Biden’s Lead, Equities Rally
The US dollar traded in green as the election vote count begin and initial results show that former vice president Joe Biden is leading in electoral votes. Meanwhile, the incumbent president Donald Trump is leading in a few swing states.
Elections 2020: US stock markets are shining , Nasdaq up 3.5%
The vote counting is in progress but US stock markets have started shining as initial results show Democrats candidate Joe Biden is leading with 213 electoral votes. The challenger Joe Biden needs to win 270 electoral votes to move into the White House.
European stocks rebound from multi months low, upside is limited
European stocks bounced back as traders sentiments turned positive after reports of stronger manufacturing and export data from Europe and Asia. European stocks have hit multi months low at the beginning of the week due to concerns over lockdowns and prospects of slower growth in the December quarter.
Twitter stock is in a baying range after a steep selloff
The Twitter stock price fell more than 20% after releasing third-quarter results as its daily active users missed analysts’ consensus estimates. Meanwhile, the surprise share price selloff has opened an attractive buying opportunity for new investors in the analyst's view.
PayPal Stock Fumbles Despite Record Results, Q4 in Focus
PayPal stock price fell more than 5% after reporting stronger than expected revenue and earnings growth for the September quarter. The company says earnings and revenue grew at a historic pace during the third quarter as pandemic-related distancing policies have enhanced user's focus towards online payment platforms.
Crude Oil Price Crash on Lockdowns, More Downside is Ahead
The crude oil price fell to the lowest level since May as the widening lockdowns across the European region have dented the oil demand outlook. The price fell almost 9% since the beginning of this month, with futures are currently trading around $37 a barrel while WTI futures dipped to the $34 a barrel level on Monday.
European stock markets slump to six month low, US stocks crashed
European stock markets fell to the lowest level in the last six months as the second coronavirus wave has been forcing governments to introduce new business restrictions. German DAX index plunged more than 4% on Wednesday and extended the downside into Thursday trading.
General Electric stock rally despite stock market slump
General Electric stock price bounced more than 4% after reporting stronger than expected results for the third quarter. The company has also optimized investor’s sentiments by providing a bright outlook for the final quarter and fiscal 2021.
US Dollar trades below 93 mark despite steep equities selloff
US dollar continues to trade below 93 levels despite the massive stock price selloff on concerns stemming from record growth in daily virus infections. US and European stock markets lodged the largest daily decline in the past few months on Monday and extended that downtrend in Tuesday trading.