Market Quick Take – October 29, 2020

Equity markets took an ugly beating yesterday as major European countries announced draconian new lockdown measures. Asia ex China responded in kind. The US dollar and Japanese yen rallied hard in response to weak sentiment, while precious metals and oil fell sharply. After the US session today, Apple, Amazon, Alphabet...

Election fears meet fresh lockdowns

Equities continued their slide overnight, with COVID fears and fresh lockdowns weighing, the US fiscal deal dead and the election drawing close. An ugly session for risk assets as the focus has firmly shifted toward de-risking ahead of the US election and what could be a volatile period for markets....

Lockdowns and Helicopter Money

While France is expected to be the next EU country to announce a national lockdown to combat coronavirus pandemic tonight, pressure is significantly mounting on central banks to take further steps to support aggregate demand and fight against deflationary forces resulting from the COVID-19. Once unimaginable, central banks are increasingly...

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