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Sector movers: Cyclicals walloped as Covid-19 lockdowns trigger volatility spike
Stocks were walloped in the middle of the week as concern over the impact that the second Covid-19 wave would have on economies in the near-term, miners, chemical companies and life insurers all lower.
Europe close: Cyclicals hammered amid another spike in volatility
European shares finished sharply lower amid reports of impending coronavirus lockdowns in France and Germany dampened sentiment.
Thursday preview: US Q3 GDP, Lloyds in focus
The spotlight on Thursday is likely to be on the US economy as a first view of third quarter US gross domestic product reveals that the economy bounced back quite quickly as the first wave of the pandemic was more or less tempered in the US, even as it was initially brought under control in Asia and Europe.
Brexit deal may be ready by early November - Bloomberg
A Brexit deal could be ready by early November after progress made by negotiators in unblocking disagreements on maintaining a s0-called 'level playing field' between the UK and the European Union.
US wholesale inventories dip even as retailers race to replenish stocks
Company inventories at the wholesale level slipped last month, despite brisk stockpiling by retailers.
Boeing to reduce workforce by 20% in the face of Covid-19
Aerospace giant Boeing laid out plans to streamline the manufacturer in the face of the brutal headwinds from the Covid-19 pandemic that were buffeting the entire sector.
US visible trade balance narrows sharply in September as imports dip
America's shortfall on trade in goods with the rest of the world narrowed by more than expected last month, as imports dipped.