Open: London Session | Forex, Metals, Oil, Agriculture October 30, 2020



Asian stocks also declined and the dollar gave back some of the gains made in the previous session. That is to say, a $10,000 investment made at 75 cents on the dollar buys you claim of over $13,000 in debt principal and its security interest. The rapid recovery seen in China and the weaker dollar have also encouraged the bulls. We’ll also have GDP, inflation and unemployment data for the euro area.What We ve Been ReadingThis is what s caught our eye over the past 24 hours.
For starters, American companies like Apple, Microsoft, and Amazon possess trillion-dollar valuations.


Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. So, with two more months remaining in the year, there is a good chance that Silver Eagle sales will reach 28-29 million, nearly double what they were in 2019. The Perth Mint sold 579,644 oz of gold bullion Jan-Sep this year versus 223,821 oz in 2019. Furthermore, U.S. Mint Silver Eagle sales of 24.5 million oz are up 66% compared to the 14.8 million sold for Full-Year 2019.
With the newest update released, Perth Mint silver bullion sales surged in the first three quarters of 2020. The official silver coins produced by the Perth Mint are the Silver Kangaroo, Koala, and Kookaburras. Silver fell 0.47% to $23.30. Silver fell 0.40% to $23.32.


In a cyclical business such as oil and gas production, debt amplifies returns on the way up, but it can also force a bankruptcy on the way down. So, if oil prices recovered to those levels, the company still might not be able to sign contracts at rates high enough to earn money. From what it seems, there are more promising opportunities elsewhere in equities with oil & gas and international travel exposure. One reason is because in the event of a recovery in oil prices, the share price could recover by multiples.
It’s another relatively busy earnings day in Europe, topped by French oil major Total, Danish insulin-maker Novo Nordisk and commodities giant Glencore. The oil services ETF (OIH) fell 13.2% from its October high and is down 66% year to date.

United States

I would say generally we’re still investing ahead of the US in a lot of dimensions internationally things like Prime benefits, things like the devices, things like international expansions. The RBA is joining the Fed in pivoting toward a monetary regime where the economy and inflation will be allowed to run hot in order to support inflation expectations. This aligns with the Fed communications suggesting there’s a trade-off coming between jobs and incentivising speculation in housing and financial markets.
The S&P 500 gained 1.19% and the Nasdaq Composite added 1.64%.“Even with the rebound, U.S. output remains 3.5% below its pre-COVID levels. As Bianco summarizes it:This suggests Trump will get the same votes he did in 2016 while Biden will pick up more new voters than Trump. It s fair to say that Biden is more likely to win than Trump. It recovered from the Trump shock before the night was even over. Survival TipsEveryone is fed up with the American political campaign at this point.


Europe laments its new lockdowns, earnings from big tech companies disappoint investors and the ECB lays out its message. President Christine Lagarde also sent a clear message to Brussels, calling for an implementation of the EU s recovery fund without delay. Airport Region Berlin Brandenburg ECB’s MessageThe European Central Bank delivered the message markets were expecting at its meeting on Thursday: It stands ready to act in December. EU finance ministers hold video calls Tuesday and Wednesday, while the European Commission releases its quarterly economic forecast on Thursday.
Next week may also bring a long-awaited accord over a post-Brexit trade deal. She added that there was little doubt the ECB would do something. The U.S. market (although not Britain s) recovered from the Brexit shock in about a week. So, what is going on?ECBNothing happened at the ECB.