US President Trump’s condition improves

Exclusive Capital Research Team

Exclusive Capital Research Team

See all articles

Market Brief, Monday, 5th of October, 2020

President Trump’s condition showed continued improvement with reports stating that he may be discharged from the hospital as early as today. The major US Stock Markets started the week on the front foot following the news about President Trump’s improving condition.

The Nasdaq is off its worst levels currently trading around 11,350 while the S&P 500 reversed most of its Friday losses and is trading around 3373.

The Asian session traded positively following the positive reports from the US. The ASX is up 2.5% and the Nikkei 1.2%. In China, the Hang Seng index returned with a 1.3% gain while the Shanghai Composite is still shut until the end of the week for the Chinese holidays.

The dollar index remained subdued and is trading below the 94 handle as some risk-on sentiment pressured the greenback. The EURUSD is currently trading around 1.1734 while the GBPUSD is currently trading around 1.2935 following optimistic Brexit news.

WTI and Brent traded higher following a negative session on Friday where WTI traded as low as 36.62 and Brent 38.82. They are currently trading around 38 and 40 dollars per barrel respectively.

Important Information: This communication is marketing material. The views and opinions contained herein are those of the author(s) on this page, and may not necessarily represent views expressed or reflected in other Exclusive Capital communications, strategies or funds. This material is intended to be for information purposes only and is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.

Read our detailed Marketing Communication Disclaimer

SHARE

CONNECT WITH OUR TEAM

Explore the ways in which we can help you achieve your investment goals.

OUR PARTNERS
bdo

EXTERNAL AUDITOR

ey

LEGAL ADVISOR

lgt

CUSTODIAN BANK

efg

APPROVED PARTNER

Raiffeisen

DEPOSITORY BANK

Prime Fund

GROUP MEMBER