Sam is a trader and one of our lead stock analysts at AskTraders. After starting his career predominantly in the forex markets, Sam now focuses on gold and stocks with a preference for macroeconomic analysis.
France’s President Macron imposes new nationwide lockdown restrictions in France from Friday as cases in the country surge.
Macron said that external borders will be closed during the lockdown.
Macron said bars and restaurants are to remain closed and the lockdown will remain in place until December 1st.
Ryanair has announced it will suspend all Ireland operations except Dublin.
The company said that due to the collapse in travel demand it had to make cuts across Irish airports.
Stocks in Europe have closed well in the red as coronavirus fears grip markets.
Germany is set to impose new lockdown restrictions and the DAX felt the impact, falling over 4%.
FTSE 100 -2.51%
STOXX 50 -3.47%
IBEX 35 -2.61%
CAC 40 -3.37%
Big 5 Sporting Goods shares are down 19.70% at $6.52 after the company reported a mixed Q3 with revenues slightly below estimates.
The Nasdaq is taking a beating today and is now down over 3% at 11,074
Indices across the board in the US and Europe are on the slide as coronavirus restrictions increase once more and cases continue to rise.
The GBP has gained some traction after Bloomberg reported that Brexit talks are making progress with a deal possible by early November.
There’s been a lot of talk about the Turkish Lira recently, and it’s taking a bit of a beating again today…
A report from the Financial Times has claimed that Apple is in the process of developing its own search engine.
As Google faces intense scrutiny from antitrust authorities, Apple is looking to capitalise according to the report.
A big fall in European indices so far…
FTSE 100 -2.47%
STOXX 50 -3.25%
IBEX 35 -2.94%
CAC 40 3.69%
-APAC markets were mixed overnight with the ASX closing 0.11% higher and the Nikkei closing down 0.29%
-Harley-Davidson (NYSE: HOG) beat Q3 earnings estimates, resulting in its share price surging 22% after-hours
-However, Microsoft (NASDAQ: MSFT) shares remained relatively flat at $231.25, up 1.51%, despite the company beating earnings expectations on Tuesday evening…
-US index futures are trading lower as coronavirus concerns in Europe continue to take centre stage
-On today’s calendar we have Canada’s interest rate decision and US wholesale inventories
-Companies on the earnings calendar today include UPS, Boeing, Pinterest, Etsy, Gilead, Visa, Sony, Ebay, Fiverr, Fastly, and Teladoc.
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