EconomyWeb | Global Economic Outlook
MARKETS • Stocks
SPACs Will Have a Tough Time Cleaning Up on Renewables
October 21, 2020
Investor appetite for sustainable investments and yield have both been huge lately, but there have hardly been any debuts of cash-generating renewable-energy companies recently. Could SPACs be the answer?
World Stock Markets

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The DOW JONES Index - Top 30 Blue Chip U.S. Companies
The EURO STOXX Index - Top 50 Blue Chip European Companies
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Stock Market
European corporates signal earnings have bottomed out
October 21, 2020
Third-quarter results to show improvement from low hit as pandemic struck
Investors opt for the ‘do nothing’ trade ahead of US election
October 21, 2020
Memories of shock 2016 result discourage asset managers from making big directional bets
UK dividend cuts deliver another blow to investors
October 20, 2020
Shareholder payouts by listed businesses have halved in space of a year
Wall Street rebounds as US stimulus deadline looms
October 20, 2020
Investors remain focused on lockdowns and prospects for economic relief package
Stock Insights
Why Infosys Ltd Stock Hit a Record High
October 20, 2020
Infosys Ltd up 145% Since March, But Just Getting Started Infosys Ltd (NYSE:INFY) has a market cap of $63.5 billion, so it isn’t exactly an under-the-radar tech stock, but it’s not a stock you hear a lot of investors talking about. Which is unfortunate, since it’s been providing some lucky investors huge gains over the last decade. Most recently though, since. The post Why Infosys Ltd Stock Hit a Record High appeared first on Profit Confidential.
Alcanna Inc: An Overlooked Pot Stock That Insiders Love
October 20, 2020
A Fast-Growing Cannabis Business...from a Liquor Store Company? The name Alcanna Inc (OTCMKTS:LQSIF, TSE:CLIQ) does not always come up when people talk about pot stocks. The reason is simple: for most of its history, Alcanna was known for its liquor store business. But now, it has boarded the cannabis profit train. Allow me to explain… Headquartered in Edmonton, Alberta, Canada, Alcanna currently operates 224 liquor. The post Alcanna Inc: An Overlooked Pot Stock That Insiders Love appeared first on Profit Confidential.
GrowGeneration Corp: Up 590% Since March & Still Going?
October 19, 2020
GrowGeneration Corp up 342% in 2020, But Still Undervalued GrowGeneration Corp (NASDAQ:GRWG) is a marijuana stock that has everything going for it. It has a strong balance sheet, it has reported record revenue and net income for 10 consecutive quarters, and it continues to announce new acquisitions and expand into new markets. Perhaps it’s no surprise then to see that, even during a pandemic, GrowGeneration stock continues to thrive, advancing 348% year-over-year, up 342% since the start of 2020, and soaring 590% since hitting March lows. These winning ways are expected to continue over the last quarter of 2020 and over the coming years. Already the. The post GrowGeneration Corp: Up 590% Since March & Still Going? appeared first on Profit Confidential.
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MARKETS • Currencies
A 'blue wave' would be a 'perfect storm' for global and emerging market assets: StanChart
October 21, 2020
Most Asian currencies may do "extremely well" in the aftermath of a Biden victory and a "blue wave," says Eric Robertsen of Standard Chartered Bank.
World Currency Markets

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Euro/US Dollar - FX Spot Rate
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Currency Market
XE Market Analysis: Asia - Oct 20, 2020
October 20, 2020
The Dollar was lower on Tuesday, with risk-on conditions weighing. The DXY fell to a one-month low of 93.00, down from 93.29 at the open. Wall Street rallied, as renewed hopes for a fiscal stimulus package brought in buyers. Pelosi and Mnuchin are set to hold another round of talks on Tuesday, after it was reported that differences are being narrowed. It remains to be seen if a package is agreed to before the election just two-weeks away. Treasury yields were slightly firmer. For data, September U.S. housing starts missed consensus, but had little impact on markets.
XE Market Analysis: North America - Oct 20, 2020
October 20, 2020
The euro has rallied against peer currencies. The common currency was showing, as of the late London morning, a near 0.5% gain on the dollar, and slightly more than this in the case against the yen, alongside gains of 0.7% and 0.9% versus the Australian and New Zealand dollars. EUR-USD printed a one-week high at 1.1818 while EUR-JPY ascended into eight-day high terrain. Underpinning was the EU's first offering of social bonds designed to finance a jobs program received orders of more than EUR 233 bln.
XE Market Analysis: Europe - Oct 20, 2020
October 20, 2020
The Australian dollar continued to weaken, this time with RBA Assistant Governor Kent saying that the board is considering another easing, which backed up the Governor Lowe's recent messaging, that a rate cut and other monetary easing measures are in the works. AUD-USD, which has dropped every day since last Monday, fell by nearly 0.5% in posting a three-week low at 0.7031. The November ASX 30-day interbank cash rate futures is indicating about a 75% expectation for the RBA to cut the official cash rate by 25 bp to 0.00% at the board meeting on November 3.
US Dollar Index

US Dollar Currency Index
US Dollar Index Chart by CNBC
Currency Insights
Canadian Dollar Outlook: Retail Sales Data May Fuel USD/CAD Downtrend
October 21, 2020
Retail sales and inflation data is likely to dictate the outlook for the Canadian Dollar after the Bank of Canada confirmed negative rates remain part of the toolkit.
Crude Oil Prices Edge Higher on Weaker US Dollar, EIA Report in Focus
October 21, 2020
WTI crude oil prices attempted to break a key resistance level at US$ 41.50, buoyed by a weaker US Dollar and US stimulus hopes. Wednesday’s release of EIA crude inventory data is in focus next.
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MARKETS • Commodities
Trump takes aim at Biden energy policy in Pennsylvania
October 21, 2020
US president claims his Democratic challenger would ban fracking as he targets swing states
World Commodity Markets

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Brent Crude - Global Benchmark Oil Price
Gold - The London Gold Fixing
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Commodity Market
Trump takes aim at Biden energy policy in Pennsylvania
October 21, 2020
US president claims his Democratic challenger would ban fracking as he targets swing states
Pioneer strikes $7.6bn deal for Texas shale rival Parsley Energy
October 20, 2020
Second big deal in the US shale patch this week suggests pace of consolidation is picking up
Israel and UAE sign visa and pipeline deals to cement alliance
October 20, 2020
Move adds weight to normalisation pact designed to counter expanding Iranian influence
Buy a gold bar – help save a rhino
October 20, 2020
How the rush to buy bullion could promote a good cause

Crude Oil

Crude Oil WTI - West Texas Intermediate Crude Oil Price
Crude Oil Chart by CNNMoney
Commodity Insights
CFTC Commitments of Traders – Bets of Lower Gold Price Markedly Increaed
October 17, 2020
WTI crude oil price fluctuated about US$40/bbl last week. Latest forecasts from major oil agencies suggest that impacts of the pandemic on demand will be long-lasting. This could be a barrier for price to go higher. Bets on gold increased in both directions. However, short positions more than doubled those of long as US yields […] The post CFTC Commitments of Traders – Bets of Lower Gold Price Markedly Increaed appeared first on Action Forex.
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MARKETS • Bonds
10-year Treasury yield rises above 0.8% as traders monitor stimulus talks
October 21, 2020
U.S. government debt prices were lower Wednesday morning as hope returned for a fresh round of fiscal stimulus before the election.
World Interest Rates

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U.S. 10 Year Bond Yield - U.S. Treasury Bond
Germany 10 Year Bond Yield - German Government Bond
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Bond Report
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MARKETS • Outlook
How will markets react to coronavirus stimulus?
October 20, 2020
How will markets react to coronavirus stimulus?

Panel on stimulus, markets 

Investors downplaying impact of DOJ suit on Google: Gasparino
October 20, 2020
Investors downplaying impact of DOJ suit on Google: Gasparino

Charlie Gasparino on Google antitrust case 

Market will hit new highs if Trump wins: Strategist
October 20, 2020
Market will hit new highs if Trump wins: Strategist

Steve Kalayjian on how Biden, Trump presidencies would impact markets 

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MARKETS • Comment
European Shares Retreat On Virus Worries
October 21, 2020
European stocks fell on Wednesday, with concerns about tightening coronavirus restrictions in parts of Europe and the U.S. stimulus impasse keeping investors worried.
FTSE 100 Falls As Pound Jumps
October 21, 2020
U.K. stocks fell on Wednesday as the pound advanced in response to EU Chief Negotiator Michel Barnier's optimistic comments about a post-Brexit trade deal.
CAC 40 Down 69 Points On Growth Concerns
October 21, 2020
French stocks fell sharply on Wednesday as investors remained wary of the fate of U.S. stimulus talks and rising virus cases across Europe and many U.S. states.
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