U.S Indices closed lower for the third consecutive trading session as fears of a stalling job market recovery weighed on markets. New Initial Jobless Claims reached 898,000 in the week ending October 10, according to the Department of Labour. This was an increase from the prior week, and more than Wall Street’s estimate of 825,000. The recent stall in the numbers just above the 800,000 range could fuel the bearish case for a slowing economic recovery. On the vaccine front, BioNTech’s CEO said that while the company’s COVID-19 vaccine, being jointly developed with Pfizer, has some side effects, the trial could still publish safety data as early as this month. Scepticism around stimulus remained, as President Donald Trump said he would be in favour of a deal above the $1.8 trillion Republican proposal. The NASDAQ 100 led the decline, closing 0.72% lower. European Indices got hit hard yesterday, led by the DAX which finished 2.3% lower. French President Emmanuel Macron said he does not envisage national lockdowns but the country will impose nightly curfews and limit gatherings to contain the Coronavirus spread. The German government announced new restrictions on gatherings and mandates on wearing face masks as the number of daily COVID-19 infections passed 5,000. London Mayor Sadiq Kahn said the city was preparing for the introduction of stricter measures to contain the advance of Coronavirus cases. Group of 20 finance ministers pledged to do whatever it takes to support the global economy and promote financial stability. Elsewhere, Oil closed 0.5% lower as fears of rising Coronavirus cases across the world sparked concerns of slowing growth, while Gold closed flat after a mixed trading session.

To mark my 2175th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 295 points yesterday and is now ahead by 1495 points for October, having made 3042 points in September, 2383 points in August, 3128 points in July, 2580 points in June, 2456 points in May, 4773 points in April, an incredible 9264 points in March, 2223 points in February and 2142 points in January. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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