EUROPEAN SHARES Asian shares and US Futures rose overnight while European markets also opened in the green, with benchmarks boosted by the tech and healthcare sectors. Investors remain uncertain about the future of the US presidency and more broadly about the future of the US economy as a divided Congress and Senate would prevent any…
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DOLLAR AND GOLD We have seen the dollar strengthen and this has triggered some selling on the majority of commodities, including gold and silver. Investors are in risk off mode, but they are not yet buying gold. They are looking for clarity before taking positions, trying to predict what will be the next major movement…
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What to watch Qualcomm: Chipmaker and wireless tech firm Qualcomm’s share price is up by more than 40% in 2020 so far, boosted in part by optimism around the mass rollout of 5G technology powered by the firm’s chips. A key point of focus when the company delivers its latest set of quarterly earnings on…
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EUROPEAN SHARES Share markets edged higher across the world ahead of the US presidential election. Despite the sharp price moves around major support levels, investors expect more and more market volatility as we get closer to Wednesday morning, where the first clues on the outcome of the election should be available. Meanwhile, rebounds on equity…
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What to watch Humana: Health insurer Humana has gained 11.5% in 2020 and is up by 38% over the past 12 months. The firm delivers its third-quarter earnings update today. When the company delivered its Q2 results in August, management told investors that the benefit of its customers deferring medical care due to the pandemic…
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What to watch PayPal: Online payments firm PayPal’s share price has surged by more than 70% in 2020, although its advance has slowed in recent months. The company has been the beneficiary of a massive shift to online shopping driven by the pandemic, which has increased user growth and payment volume, including in its mobile…
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What to watch AbbVie: For pharmaceutical company AbbVie, sales of its flagship Humira drug - which treats Crohn’s disease and arthritis among other inflammatory conditions - will be the key point to watch in its Friday quarterly earnings report. Zacks Equity Research noted that sales may have been affected by the launch of rival products…
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GOLD Despite “risk off” dominating the last few days on stock markets, gold has been weak and we have seen the dollar recover, with the greenback inversely correlated with bullion and commodities. A major reason for gold’s weakness has been the sharp decline on stocks forcing some traders to close positions on gold to avoid…
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What to watch Big tech earnings: Three trillion-dollar companies report quarterly earnings on Thursday, with Apple, Amazon and Alphabet on deck. Facebook and Twitter also deliver their own earnings reports. All of those firms are firmly in the regulatory spotlight, with lawmakers investigating the role of big tech in public discourse, and the Justice Department…
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EUROPEAN SHARES Most European benchmarks opened higher on Thursday, paring some of yesterday’s losses, as market sentiment gets a fresh boost from the corporate sector. Strong earnings reports from major companies like ASM International NV or Royal Dutch Shell have managed to reassure investors, temporarily at least, ahead of another busy day. There is also…
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