• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

ECB, Today’s Meeting; Germany and France Back to Lockdown; Big Tech Companies Balance Sheet Announcement

FTD Limited by FTD Limited
October 29, 2020
Reading Time: 4 mins read
A A
Biden's victory was approved; China locks down Shijiazhuang; Germany, following Britain, introduces severe restrictions.
0
SHARES
95
VIEWS
tweetpostshare

Here is the list of news you need to catch up for today:

  1. Germany and France Announce New National Lockdowns due to 2nd Wave of Covid-19
  2. The ECB Meeting Preview on October, 29
  3. Big Tech Companies Announcement their Balance-Sheet upon the Closing Tonight

Embed from Getty Images

Embed from Getty Images

Germany and France Announce New National Lockdowns due to Second Wave of Covid-19

French President Emmanuel Macron said the second wave sweeping Europe will be ‘’ more deadly than the first’’. Hence, France and Germany are back in lockdown with tough restrictions. France will be in lockdown with just schools and essential businesses staying open until December, 1. Until the end of November, French citizens must stay indoors, only allowed to be outside to buy goods, for medical care, and to exercise for one hour a day. Meanwhile, restaurants, bars, gyms, and cultural places such as theaters will be closed in Germany, leaving only schools and shops open.

Embed from Getty Images

ECB Meeting Preview on October,29 

The upcoming ECB meeting has become extremely important and interesting with COVID- 19 cases increasing throughout Europe and the US. Analysts say the ECB is expected to take action at its next meeting, which will take place in December. For the time being, what is expected regarding the upcoming ECB meeting:

  • Rising covid numbers and tightening of restrictions will provide a backdrop to the interest-rate decision, which will be announced following the press conference with ECB President Christine Lagarde.
  • Ahead of the meeting, the EUR/USD is almost at its October monthly low around 1.1688. In determining the course of the EUR over the next month or so, the President’s news conference would likely be critical.
  • Deutsche Bank analysts have said that ‘’ With the second wave of COVID-19 infections rising, we expect the ECB to warn of growing downside risks amid an already weak outlook for inflation. This will open the door to an easing of policy in December. ‘’

Embed from Getty Images

Big Tech Companies Announcement their Balance Sheet upon the Closing Tonight

Since June, U.S. stocks have dropped the most, with growing cases of the coronavirus threatening the economic recovery. This week, more than $2 trillion was wiped from the value of American equities. The shares of big tech firms from Apple Inc. to Amazon Inc. have gotten so expensive related to their expected earnings that it became impossible to justify further price gains. Next up are the other four of the sectors five largest that have a total market value of $5 trillion. Apple, Amazon, Facebook and Alphabet all report after the close today, on October 29. The strong 3rd quarter of the calendar is expected to be seen, but the emphasis will be on how theoy perform by the end of 2020.

If you are interested in reading more articles like this, you can sign up for FTD Articles newsletter to receive the daily updated into your inbox.

Tags: AlphabetAmazonAngela MerkelAppleCoronavirusDAILY UPDATESEarning Balance SheetECBEmmanuel MacronEuropeFacebookForexFranceGermanyGoogleInterest RatesNasdaq
TweetShareShareSend
Previous Post

The US Senate Has Confirmed Amy Coney Barrett to The Supreme Court

Next Post

Dollar Index Major Break Out

Related Posts

The Reserve Bank of Australia increased its policy rate by 50 basis points
DAILY UPDATES

The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points

Yellen meets with Chinese Vice Premier
DAILY UPDATES

Yellen Meets With Chinese Vice Premier

Recession Warning From Bank of America
DAILY UPDATES

Recession Warning From Bank of America

Inflation in Switzerland at a 29-Year High
DAILY UPDATES

Inflation in Switzerland at a 29-Year High

Oil prices rise
DAILY UPDATES

Recession and Supply Concerns on Oil

Inflation in France
DAILY UPDATES

Inflation Hits Record in France

Next Post
Dollar index current status

Dollar Index Major Break Out

You might also like

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology

Differences between MT4 and Mt5

MT4 and MT5’s Differences – How to See the Total Lot Sizes in MT5?

Regulated and Licensed Forex Brokerage Company

Regulated Entities

FTD Limited's White Label Program gives you a chance to have your own brand within financial markets.

White Label Solutions

FTD Limited offers Introducing Brokers Program

Introducing Brokers

Algorithmic trading in forex, cfds and indices

Basics of Algorithmic Trading: Concepts and Strategies

Recent Posts

  • The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points
  • Yellen Meets With Chinese Vice Premier
  • Recession Warning From Bank of America
  • Inflation in Switzerland at a 29-Year High
  • Recession and Supply Concerns on Oil
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • The Reserve Bank of Australia Increased Its Policy Rate by 50 Basis Points
  • Yellen Meets With Chinese Vice Premier
  • Recession Warning From Bank of America

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.