The end of the V-sha...from Zacktrading

11 Oct 2020, 20:24 · Views 1,654

The end of the V-shaped recovery? Economists are beginning to lower their Q4 forecasts due to resurgence in Covid-19 cases. Increased govt restrictions could lead to a contraction in Eurozone GDP in Q4 even in the case that national lockdown measures are avoided, RBC says.#ForexForecast# #Eurozone# #GDP#

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Bitcoin gains as Square buys $50mln in Bitcoin, says cryptocurrency 'aligns w/company's purpose.' This represents about 1% of Square's total assets.“Square believes that cryptocurrency is an instrument of econ empowerment,” the company said in a release. #cryptocurrency# #Bitcoin#

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Rallye in Biontech shares extends as European Medicines Agency has accelerated approval process for a Covid-19 vaccine developed by Germany's BioNTech & Pfizer, to allow for the rapid authorisation of the shot as soon as safety data from its trial allows. #CoronavirusOutbreak# #Eurozone# #StockMarket#

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Another day, another All-Time Low: Greek 10y bond yields fell as much as 6bps to 0.881%. Since the pandemic, Greek debt has become eligible for ECB purchases and the nation is set to receive €16bn in grants from the EU's recovery fund. #ECB# #EconomicCalendar#

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Trump's trade-deficit-reduction-efforts failed: US trade deficit widened in August to most since 2006, w/overall trade gap in goods & services increasing to $67.1bn from $63.4bn in July. Total imports increased by 3.2% to $239bn, while exports rose 2.2% MoM to $171.9bn. (via BBG). #USeconomy# #investment# #trading#

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No Davos2021. WEF2021 Annual Meeting will be in Lucerne-Buergenstock from 18 to 21 May. The Annual Meeting 2021 will combine both in-person and digital elements. Participants in Lucerne-Buergenstock will be connected with a network of 400 hubs around the world. #EconomicCalendar#

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