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By Michael McCarthy, chief market strategist, CMC Markets and Stockbroking
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
Market sentiment rebounded overnight. The US dollar weakened, shares surged and bonds fell as pro-growth moves drove the action. The turnaround indicates a higher degree of confidence that there will be a decisive and uncontested result in the US election.
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
European and US share markets indices fell 3% to 4% overnight as Germany and France headed towards renewed virus containment measures. The resurgence of Covid-19 is undermining the investor confidence that lifter share markets from their March lows.
By Michael McCarthy (chief market strategist, CMC Markets and Stockbroking)
With the Global Economic growth projection at -4.4% in October (WEO), the world is far from recovery and great caution is still taken with future forecasts.
By Michael McCarthy, chief market strategist, CMC Markets and Stockbroking
By Michael McCarthy, chief market strategist, CMC Markets and Stockbroking
By Michael McCarthy, chief market strategist, CMC Markets and Stockbroking
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