U.S Indices closed lower for the second consecutive session as COVID-19 continues to weigh on investor sentiment. Drug manufacturer Eli Lilly’s Coronavirus treatment trial was placed on hold after an independent monitoring board recommended suspending enrolment for potential safety concerns. This followed Johnson & Johnson’s COVID-19 vaccine pause on Tuesday. Stimulus remained a drag. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin continued negotiations yesterday but still did not reach a consensus. Mnuchin said that there was likely not going to be an agreement before the November election. This should not be all that surprising, but Mnuchin has been one of the main backers for continuing negotiations. European Markets also closed lower. French President Emmanuel Macron announced new measures to contain the Coronavirus, including a curfew. Germany’s leading Economic Institutes said that the country’s recovery is losing momentum as fears of rising COVID-19 cases grow. But it was not all bad news. The British government is said to remain interested in negotiating a post-Brexit trade deal with the European Union beyond its October 15 deadline. The International Monetary Fund upgraded its global growth outlook for this year and next, saying the banking system is sound enough to withstand another adverse shock. Elsewhere, Oil continued its recent rally, closing 2.06% higher as Russia and Saudi Arabia urged other OPEC members to comply with production cuts.

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 125 points yesterday and is now ahead by 1200 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

I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking HERE Please subscribe to this for new interview notification

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