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Asian counties sign giant trade deal

MARKETS

News
• Asia markets bounced on Monday morning as 15 economies in the region signed a deal that formed the world’s largest trade alliance. Japan and Korea main indices gained more than 1.5%;
• The trade deal, signed on Sunday, aims to gradually reduce tariffs across many areas. The Regional Comprehensive Economic Partnership is now the world’s largest trade bloc, a deal that excludes the U.S. It marks the first time that East Asian powers China, Japan and South Korea are in a single trade agreement. The Pan-Asia trade pact covers a third of the world’s population and economic output;
• China stocks were mixed China Retail Sales disappoint, despite expected Golden-Week Boost;
• Dow Jones Industrial Average futures were up by more than 200 points. S&P 500 futures and Nasdaq 100 futures also rose;
• Trump refuses to concede election after acknowledging Biden victory. President initially tweets Democrat won because of rigged vote before vowing to fight on;
• Trump Lawyer Sidney Powell: "We're Getting Ready To Overturn Election Results In Multiple States";
• Dr. Fauci warns the U.S is likely to cancel Christmas, hints that masks & social distancing are here to stay. He added that Trump should work with Biden administration on Coronavirus response;
• Biden team calls for urgent action on stimulus as health situation worsens.

What else?
• U.K. Prime Minister Boris Johnson is self-isolating after possible coronavirus exposure;
• Elon Musk says ‘most likely’ has a moderate case of Covid-19;
• A SpaceX spacecraft carrying four astronauts soared into outer space Sunday — marking the kick off of what NASA hopes will be years of the company helping to keep the International Space Station fully staffed;
• Ireland warns of crunch moment in Brexit negotiations. Dublin says key outstanding issues on trade deal must be resolved this week;
• Trump allies explored Buyout of Newsmax TV as Fox News Alternative;
• Emirates working with Pfizer, others on vaccine transport ‘challenge;
• Japan’s economy rebounded sharply, growing an annualized 21.4% in the third quarter, data showed on Monday. On a quarterly basis, the economy grew 5%, better than forecasts of 4.4%,
• The Australian Securities Exchange halted stock trading shortly after the open, citing “market data issues.”

The Week Ahead
• Monday, Nov. 16:
Earnings: Vodafone Group PLC, Palo Alto Networks Inc, Tyson Foods Inc;
Macro: Market Holiday in India for Diwali, Preliminary Japanese Gross Domestic Product (GDP) (Q3), Japanese Preliminary Industrial Production, Chinese Industrial Production.
• Tuesday, Nov. 17:
Earnings: Walmart, Home Depot Inc, Experian PLC, Fortum Oyj, Imperial Brands plc, NIO;
Macro: U.S. Retail Sales, U.S. Industrial Production, Japanese Trade Balance.
• Wednesday, Nov. 18:
Earnings: NVIDIA, Lowe's, Target, TJX, A.P. Moeller - Maersk A-S, Clorox, Gazprom Neft OJSC, Western Digital, Metro, News Corp;
Macro: U.K. CPI, Eurozone CPI, U.S. Building Permits, U.S. Housing Starts.
• Thursday, Nov. 19:
Earnings: Workday, Netease, McAfee, Williams Sonoma;
Macro: U.S. Philadelphia Fed Manufacturing Index, U.S. Existing Home Sales, Peoples' Bank of China (PBoC) Loan Prime Rate Decision, European Council Meeting (which Is Seen As a Preliminary Brexit Trade Deal Deadline).
• Friday, Nov. 20
Earnings: Sysco;
Macro: U.K. Retail Sales, German Producer Price Index (PPI).

Quote of the day
"“If you think you are too small to make a difference, try sleeping with a mosquito.” – Dalai Lama

WRAP
U.S. stocks rose on Friday to a record close to cap off strong week as big value rotation continues. The S&P 500 advanced 1.4% while the U.S small caps index Russell 2000 jumped more than 2% to an intraday record, and posted its first all-time closing high since August 2018. Shares of cruise operator Carnival rose more than 7%. United Airlines and Boeing were both up more than 5%. At the sector level, energy and industrials rose 3.8% and 2.2%, respectively. In Europe, the Stoxx 600 closed fairly flat after initial losses. For the week, the index closed up by around 3.5%. Oil fell 2% on coronavirus surge on Friday but gained 8% over the week on vaccine hopes.

27-11-2020

Thanksgiving crypto carnage
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26-11-2020

Global stocks set for best month EVER
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25-11-2020

Dow hits 30k for the 1st time
The Dow Jones Industrial Average, America's oldest equity benchmark has closed above 30,000 for the first time on record. MARKETSNews• Japan’s Nikkei is up nearly 2% as Asia-Pacific shares mostly rise after Dow surges to a new record;• Airlines and cruise stoc… Read more

24-11-2020

Gold drops to 4-month low
Higher real interest rates thanks to positive covid-19 vaccine news caused gold to drop below key support at $1850 per oz to a new 4-month low. MARKETSNews• Trump administration officially begins transition to Biden: General Services Administration chief Emily… Read more

23-11-2020

Ethereum surges over $500
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20-11-2020

Energy stocks having best Q4 in 30 years
MARKETS News• Asia-Pacific markets traded mixed on Friday as investors remained cautious over the short-term economic impact of the coronavirus as cases around the world continue to rise. Dow futures fall more than 200 points as fresh virus restrictions raise… Read more

19-11-2020

Stocks pullback after NYC schools closure
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18-11-2020

Bitcoin rockets above $18k
MARKETSNews• Bitcoin crossed the $18,000 mark overnight. Asia-Pacific markets were mixed in early Wednesday trade. Meanwhile, the U.S. dollar continued its slide;• Ant Group is still capable of clinching the world’s largest IPO — even as Chinese regulatory hur… Read more