What to watch McDonald’s: Fast food giant McDonald’s has done relatively well out of 2020, with its share price up by close to 10%, as while the pandemic has hurt the firm in some areas (such as breakfast demand and general foot traffic), it has done well out of food delivery and its drive-through locations.…
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What to watch US jobs report: Although it will likely be overshadowed by the continuing presidential election saga, the US’ monthly jobs report will be reported today. Investors be will watching for signs that the US economic recovery is slowing, with 593,000 non-farm payrolls expected to have been added in October versus 661,000 in September.…
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EUROPEAN SHARES European benchmarks consolidated on Friday following a mixed opening, while a similar trend has been registered by Asian stocks. Market participants chose to temper their investments for the last trading session of the week, following four days of solid rally. Votes are still being counted in some of the key US swing states…
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What to watch Uber: Ride sharing and food delivery firm Uber has gained 37.8% year-to-date. While rides dropped off sharply due to the pandemic, the firm has benefited from huge demand for takeaway food delivery. Yesterday, the company’s share price jumped 14.6% after voters decided to exempt it and rival Lyft from a state labor…
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EUROPEAN SHARES Asian shares and US Futures rose overnight while European markets also opened in the green, with benchmarks boosted by the tech and healthcare sectors. Investors remain uncertain about the future of the US presidency and more broadly about the future of the US economy as a divided Congress and Senate would prevent any…
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DOLLAR AND GOLD We have seen the dollar strengthen and this has triggered some selling on the majority of commodities, including gold and silver. Investors are in risk off mode, but they are not yet buying gold. They are looking for clarity before taking positions, trying to predict what will be the next major movement…
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What to watch Qualcomm: Chipmaker and wireless tech firm Qualcomm’s share price is up by more than 40% in 2020 so far, boosted in part by optimism around the mass rollout of 5G technology powered by the firm’s chips. A key point of focus when the company delivers its latest set of quarterly earnings on…
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EUROPEAN SHARES Share markets edged higher across the world ahead of the US presidential election. Despite the sharp price moves around major support levels, investors expect more and more market volatility as we get closer to Wednesday morning, where the first clues on the outcome of the election should be available. Meanwhile, rebounds on equity…
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What to watch Humana: Health insurer Humana has gained 11.5% in 2020 and is up by 38% over the past 12 months. The firm delivers its third-quarter earnings update today. When the company delivered its Q2 results in August, management told investors that the benefit of its customers deferring medical care due to the pandemic…
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What to watch PayPal: Online payments firm PayPal’s share price has surged by more than 70% in 2020, although its advance has slowed in recent months. The company has been the beneficiary of a massive shift to online shopping driven by the pandemic, which has increased user growth and payment volume, including in its mobile…
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