😷 Donald Trump tests positive for the COVID at the worst time. Will it cost him the win in November? Markets are concerned.
Indices started October on a positive footing, especially in the US where a mix od solid data and stimulus hopes were driving flows to equities. However the news of positive COVID test for Trump and his wife poured a bucket of cold water on market sentiment. This is a bad news for couple of reasons. First, it will show to some that pandemic could be a real threat. Second, it could seriously undermine chances of reelection for Trump (and markets are afraid of Biden win). Furthermore, there’s still no deal on stimulus and it looks increasingly likely that there will be nothing until the elections.
After a very strong Monday session DE30 has been down for 4 consecutive days. Bulls are trying to mitigate the early damage but for now the correction is not over.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
