Archives of “November 19, 2020” day

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UK and Italy virus case count numbers rise

  
Analysis, COVID-19

Numbers tick higher today but plateau continues

The latest UK and Italian virus numbers are higher than yesterday but the overall trend remains towards a plateau.
Italian reports 36,176 new cases and 653 deaths. On Nov 13, Italy reported a record 40,902 cases and they’ve been around 35K throughout this month. There are early signs of turn lower but this is the part of the week where we usually see an uptick.
In the UK, cases rose 22,915 compared to 19,905 yesterday. There were 501 deaths with 529 yesterday. It’s a similar story in the UK. Despite the uptick, there are clear signs of a plateau. Hopefully we will be seeing signs of turn lower very soon because we’re now weeks into the new set of restrictions.
Numbers tick higher today but plateau continues

Nikkei 225 closes lower by 0.36% at 25,634.34

  
Analysis, Global Indices

Asian equities mostly a little softer on the day

Nikkei 19-11
The Nikkei is closing lower but off the lows seen earlier today as Asia follows the more dour mood from Wall Street yesterday for the most part.
For Japanese stocks, it has still been a stellar month so far with the Nikkei trading to its highest levels since 1991 so the slight pullback yesterday and today isn’t too hurtful.
Elsewhere, the Hang Seng is down 0.5% while the Shanghai Composite is up 0.3% as mainland Chinese equities are faring better upon hearing about more measures by local authorities to support domestic consumption earlier here.
US futures remain more guarded ahead of European trading with S&P 500 futures up 0.1% while Nasdaq futures are down 0.1%, little changed on the day so far.
Meanwhile, 10-year Treasury yields are a little lower by 1.6 bps to 0.854%. The overall mood is keeping major currencies little changed for the most part to start the session.
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