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Minor Market Movements While USD Gains

Minor Market Movements While USD Gains

Information is not investment advice

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Midday Market View

President Donald Trump could be discharged from the hospital where he is being treated for COVID-19 as soon as Monday. Biden, 77, has tested negative for the disease several times since sharing a debate stage with Trump last Tuesday. Trump also is pushing to install federal judge Amy Coney Barrett on the Supreme Court, which would lock in a conservative majority on the nation's highest court for years to come.

Midday Key Point

  • UK September final services come at PMI 56.1 vs 55.1 expected
  • Eurozone August retail sales comes at +4.4% vs +2.5% m/m expected
  • Eurozone October Sentiment investor confidence comes at -8.3 vs -9.3 expected

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EUR/USD at 52 week high

Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs

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