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The Important Things That You Should Know On 20/10/2020

Xero Capital Markets Ltd.

1) The US dollar retreated after US officials reported have made progress toward a fiscal deal. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have reportedly been narrowing their differences after holding a long call.

2) Challenger Joe Biden is leading the election in cities and states polls. The FiveThirtyEight and The Economist foresee that 90% Joe Biden will win the election.

3) Brexit talks halted, but the EU and the UK are in contact to further development. UK wants EU to announce more concessions before agreeing to intensify the talks.

4) Coronavirus in UK is surging and UK Prime Minister Boris Johnson is expected to slap restrictions on the Greater Manchester area. Wales announced a strict lockdown while London remains under relatively looser rules.

5) Coronavirus in Europe continue to rise rapidly with several countries and regions announcing more restrictions. European Central Bank President Christine Lagarde warned that the recovery could stall.

6) Moderna will show the interim results from its Phase 3 immunization trial in November and would seek approval from the US Food and Drugs Administration (FDA).

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Source: https://monsun.asia/2020/10/20/the-important-things-that-you-should-know-on-20-10-2020/
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