U.S Equity Markets closed higher for the fifth trading session out of the last six, led by the NASDAQ 100 which surged to close with a gain of 3.09%. Over the weekend, Republicans and Democrats voiced displeasure with the White House’s new $1.8 trillion Coronavirus-Stimulus offer, showing how difficult an agreement will be before the election. The presidential race remained in headlines. Former Vice President Joe Biden remained ahead in national polls, and Wall Street continued to get behind the idea that a Biden win means more fiscal stimulus. Now, eyes turn to this afternoon, when earnings season formally kicks off. While analysts still expect earnings to fall on a year-over-year basis, they have raised their expectations throughout the Quarter. This indicates that things are not as bad as previously thought for many companies. Delta Air Lines (DAL), Johnson & Johnson (JNJ), and JPMorgan Chase (JPM) are the main companies reporting today. Meanwhile European Indices also closed higher. The French government said it would like a post-Brexit Trade Agreement outline reached by the end of this month, without striking a deal for the sake of compromise. The European Union’s chief Brexit negotiator Michel Barnier will continue talks with his British counterpart David Frost today, as the two sides remain committed to finding a trade deal. The British government announced a three-tier system of Coronavirus restriction measures, focusing on local efforts, in an attempt to avoid another national-economic lockdown. The EU is also reportedly drawing up a list of restrictions against 20 large technology companies, aimed at limiting their power. Elsewhere, Oil fell 2.64%, as U.S. producers resumed production after Hurricane Delta, while Gold close unchanged as the Dollar rose.
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 email@example.com for details
For anyone following my Platinum Service it lost 119 points yesterday and is now ahead by 794 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