It will be another testing week for markets as they battle to navigate their way around several issues that could all pose significant risks in their own right. President Trump seems to be coping well with his infection according to doctors that are monitoring his health. This state of the President’s condition will no doubt be one of the main topics at the forefront of markets this week.
Elsewhere, both Brexit and US stimulus talks will feature as key elements this week. Brexit negotiations will enter an intense 2-week phase where the crucial issue of fisheries will be discussed. While the UK would like all their waters back, it appears this is not suited to France who would still like access. The US will also continue their debate over a new round of fresh stimulus. Given the latest turn of events in the election race, both sides may push harder for compromise to bring some form of stability back to the country.
This week sees the most recent set of meeting minutes from the Fed’s last gathering at the end of September. This will be preceded by a speech tomorrow from Chairman Powell who will be addressing the National Association of Business Economists. He’s also very likely to reiterate the need for further fiscal stimulus.
Have a good week.
8:15am, October 5th 2020
The details expressed in this market report are for information purposes only and are not intended as a solicitation for funds or a recommendation to trade. Cornhill International Payments limited accepts no liability whatsoever for any loss or damages suffered through any act or omission taken as a result of reading or interpreting any of the above information.