Concerns that fuel demand will continue to falter as rising coronavirus cases across Europe and in the United States, the world's biggest oil consumer, dragged on oil prices. Asian stocks also had a lackluster showing. Moving beyond bar and pub closures, the Czech Republic shifted schools to distance learning and hospitals started cutting non-urgent medical procedures to free beds. "Investors have headed back to their security blankets," he said. The S&P 500 pared most of its earlier rally after optimism faded that Congress would reach a spending deal with the White House. World stocks whipsaw on pandemic worries, gold gains. Yields on the benchmark 10-year U.S. Treasury note fell 11.0 basis points to 0.7713%. Chinese blue chips <.CSI300> rose 0.7%, with markets uncertain how Sino-U.S. relations would develop. MSCI's broadest index of Asia-Pacific shares outside of Japan .MIAPJ0000PUS had tracked Wall Street's losses overnight to end a seven-day rally.
German bund yields DE10YT=RR, which move inversely to prices, hit their lowest since May EUR/GVD, while the 10-year U.S. Treasury yield dipped to 0.7173%. GLOBAL MARKETS -World stocks whipsaw on pandemic worries, gold gains. In the United States, investors looked to positive earnings reports by investment bank Goldman Sachs Group GS.N and UnitedHealth Group Inc UNH.N, the largest U.S. health insurer, and tried to shelve concerns over two stalled trials for COVID-19 treatment and vaccine that rattled markets on Tuesday. Global stocks whipsaw, bonds rally as U.S. vote agonisingly close Volunteers want Christians to return to Mosul, where Islamic State once ruled Ending England’s lockdown in … World stocks .MIWD00000PUSwere little changed but still within sight of an all-time high struck on Sept. 3. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field11.add(Validate.Presence, {failureMessage:"This field is required"});field11.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i
Officials from each campaign insisted their candidate would prevail in the fight for 270 Electoral College votes needed to win the presidency. Emerging market currencies pinballed. Reuters Wednesday October 14, 2020 11:23. Oil prices rose almost 4% as it is unlikely for U.S. gas and oil incentives to be removed in a split Congress and as data showed a large decline in U.S. crude inventories. By Wayne Cole. Contributor. The dollar will weaken next year as a divided Congress will likely force the Federal Reserve to do more in the coming months to help the economy recover, said Edward Moya, senior market analyst at OANDA in New York. Global stocks whipsaw, bonds rally as U.S. vote agonisingly close. The U.S. dollar softened after pulling its best day in three weeks on Tuesday. (GRAPHIC: World stocks market cap rise over last four years -. High-frequency data that tracks economic activity show a slowdown in the recovery from the height of the lockdowns, with Americans again cutting back on flights and going out to eat less often. 0. The Nasdaq Composite .IXIC fell 30 points, or 0.3%, to 11,832.32. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? NEW YORK/LONDON, Oct 14 (Reuters) - U.S. and European shares whipsawed between modest gains and losses on Wednesday as investors tried to brush aside market risks to focus on the positive, but caution prevailed in the gold market with prices jumping more than 1%. House Democrats have started drafting a stimulus proposal of roughly $2.4 trillion, according to multiple officials. "That decisive Blue Wave doesn't look like it's going to happen, and I think that markets are comfortable, perhaps, even if Biden wins," said Michael Arone, chief investment strategist at State Street Global Advisors in Boston. CNN and the Associated Press projected Biden would win the state.
Wayne Cole Reuters Published. What Should Investors Do If Biden Wins The Election? Nov 3, 2020 10:02PM EST. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day.
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