This is what you need to know to trade today Thursday 19 November:
Market sentiment is mixed, as rising coronavirus numbers in the U.S. offset optimism over hopes for a quick vaccine. The Brexit talks have yet to produce a breakthrough and the Australian dollar fails to rise after upbeat labor data. Unemployment claims in the United States and another speech by Lagarde from the ECB will draw investors’ attention.
Coronavirus deaths in the US have reached the grim milestone of 250,000 and hospitalizations have reached a new record above 79,000. While there are some possible signs of flattening of the new case curve, new states are imposing restrictions. New York schools will close as a featured development.
In the Old Continent, infections and deaths from coronavirus in Germany remain high, but France is beginning to bend the case curve. Japan is also experiencing an increase in infections.
Pfizer and BioNTech reported 95% efficacy in an update on their vaccine candidate, prior to requesting emergency use authorization. The latest news also shows that immunization is maintained in high-risk patients. More information is expected from Moderna and other companies.
AstraZeneca and the University of Oxford have reported a significant immune response among adults in their phase 2 trial and said phase 3 numbers are likely to be within several weeks.
Brexi; London and Brussels have yet to agree on future relations before a video conference from EU leaders later in the day. In addition to talks with the UK, the 27 leaders of the bloc will try to unleash a long-term budget, following objections from Poland and Hungary over the rule of law clauses.
Great Britain and Canada They are closing in on a free trade deal, Bloomberg reports. The British pound has been on the defensive after rising on Wednesday. An official update on the negotiations is scheduled for early Friday.
Australia reported an increase of 178,800 jobs in October and an unemployment rate of 7%. While both figures beat estimates, AUD / USD finally pulls back from the highs.
It is expected that initial jobless claims in the United States remain around 700,000, indicating stabilization after a gradual decline. Data on existing home sales and the Philadelphia Fed Manufacturing Index are also released.
See: Preview of Initial US Unemployment Claims: In Search of Bad News
The Bitcoin it has dropped below the $ 18,000 level after breaking above that level on Wednesday. High volatility continues in cryptocurrencies.
The prices of the Petroleum they hold steady around $ 41 amid news that the UAE could leave OPEC amid a break with Saudi Arabia.
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