Market Pulse - Currencies
Rising Covid-19 positivity rates in US may require restrictions in large-population states
Covid-19 test positivity is increasing rapidly and may necessitate that most large-population states impose more severe restrictions, a top-ranked US economist said.
US final demand prices edge past forecasts in October
Wholesale prices in the US edged up a bit more quickly than anticipated last month, lifted by a big jump in food prices.
US CPI misses forecasts in October
The cost of living in the US slipped last month amid sharp declines in the prices of fashion and for medical products and services, alongside muted energy price gains.
Government seeks legislation to prevent foreign takeovers of UK assets
The UK government is considering new legislation that would halt ‘back door’ acquisitions of UK firms by overseas buyers even years after the deal was concluded.
Sector movers: Aerospace, Big Oil spike as short-sellers caught out by vaccine news
Aerospace and Defence, and Big Oil were wanted at the start of the week following news that one of the front-runners in the fight to find a vaccine against Covid-19 had proven far more effective than even company insiders had hoped for.
Daily Covid-19 cases in US surpass 100,000
The fourth wave of Covid-19 in the US may be out of control, a top-ranked economist believes.
Reinsurer Conduit Holdings lays out plans for London IPO
Conduit Holdings will proceed with plans to list $1. 1bn new shares on the London Stock Exchange's main market.
Fed stands pat
Federal Reserve policymakers decided to stand pat but some economists saw more quantitative easing coming markets' way in the not too distant future.
US labour productivity extends rebound in Q3, labour costs plummet
Labour productivity in the US extended the prior quarter's sharp rise over the three months to September as economic activity rebounded.
Initial jobless claims little changed last week
Americans continued filing for unemployment claims at an accelerated pace last week, even if a tad less quickly.
US services sector activity picks up more than expected in October - IHS Markit
Activity in America's services sector accelerated last month at its fastest clip since April 2015, the results of a closely-followed survey revealed.
US foreign trade deficit narrows a bit more quickly than expected in October
America's shortfall on trade with the rest of the world narrowed a bit more than expected in September.
Beijing forces Ant Group to shelve Shanghai IPO
Chinese financial technology outfit Ant Group was forced to shelve what had been expected to be the world's largest initial public offering ever.
RBA cuts rates and launches QE, doesn't see hike for three years
Central bankers Down Under cut official interest rates further to see the economy through an expected soft patch over the next two years.
Tuesday preview: US elections, Associated British Foods in focus
All eyes on Tuesday will be on the US elections, even if the results won't start to be known - under a best case scenario - until the next day.
US factory PMI jumps past forecasts in October, ISM says
Factory sector activity in the US accelerated substantially last month, amid a surge in new orders, the results of a closely-followed survey showed.