ECB fiscal support, G-20 joint economic stimulus, Nvidia Q3 revenues and U.S. jobless claims, existing home sales. What impacted the markets today?
Global Insights
U.S. stocks were weighed down by 742,000 jobless claims, which came higher than expected 700,000, for the week ending November 14.
On monetary policy, investors were keen on the developments in the E.U.. ECB president Christine Lagarde called for joint fiscal support to support the economies ahead of the December stimulus package.
G-20 countries have so far deployed $11 trillion to accelerate equitable and sustainable recovery from the coronavirus.
Morning market mover was U.S. sales of existing homes, which rose 4.3% from September and 26.6% annually to 6.85 million units, above expected 6.47 million. SPDR S&P Homebuilders ETF (XHB) rose 0.36% on the announcement.
S&P 500 3,573.00 +0.22%
NASDAQ 11,973.50 +0.64%
DJIA 29,448.43 +0.034%
FTSE 6,334.35 -0.80%
DAX 13,116.50 -0.59%
NIKKEI 25,575.00 -0.27%
HSI 26,356.97 -0.71%
SHANGHAI 3,363.09 +0.47%
VIX 24.40 -1.91%
WTI Oil 42.08 +0.17%
Nat Gas 2.5770 -4.98%
GOLD 1863.00 -0.58%
U.S. Dollar Index 92.300 -0.02%
U.S. 10 Treasury Yield +0.88%
Corporate Stories
Nvidia reported revenues of $4.73 billion in Q3 2020, a 57% increase from the prior year, above $3.87 billion in the second quarter. Data center revenues increased more than 150%.
Market Sentiment
The market was mixed on Thursday. Gold and U.S. dollar index remained in the negative territory, weighed down by declining risk sentiment and monetary stimulus talks, as the VIX fell. Oil prices continued recovery from previous vaccine developments.
