Market Brief, Friday, 2nd of October, 2020
President Trump informed the world through twitter that he has tested positive for COVID-19. The US leader said that he and the First Lady will begin their 10-day quarantine process.
The major US Stock Markets are posting heavy losses in the aftermath of the Presidents tweet. The Nasdaq and S&P500 are currently trading near their session lows at 11,384 and 3,326 respectively ahead of todays non-farm payrolls.
The Asian session traded lower following their US counterparts with the ASX and the Nikkei down 1.1 and 0.8% respectively.
The dollar index traded higher following the tweet and gained on some of its previous losses as risk-off sentiment helped it trade near the 94 handle. The EURUSD traded close to the 1.17 handle and is currently trading around 1.1726 while the GBPUSD is currently trading around 1.2869.
WTI and Brent continue their downtick breaking yesterdays lows and are currently trading around 37.31 and 39.48 respectively.
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