Morning wrap (30.10.2020)

• US indices finished yesterday's session higher. S&P 500 gained 1.19%, Dow Jones added 0.52% and Nasdaq jumped 1.64%. Russell gained 1.35%

• Stocks in Asia are trading lower. Kospi declines 2%, Nikkei drops 1.5% and S&P/ASX 200 trades 0.6% lower. Indices from China trade over 1% lower

• DAX futures point to a lower opening of the European session

• Angela Merkel said that EU borders must remain open in spite of the coronavirus pandemic. Ursula von der Leyen said EU is in talks with 4 companies over coronavirus vaccine

• US coronavirus cases hit a record 83.4 thousand yesterday

• Apple reported Q3 EPS of $0.73 (exp $0.70) and revenue at $64.7 billion (exp. $63.70 billion). iPhone sales declined over 20% year-over-year

• Amazon reported Q3 EPS of $12.37 (exp. $7.41) and revenue at $96.15 billion (exp $92.7 billion)

• Alphabet reported Q3 EPS of $16.40 (exp. $11.29) and revenue at $46.17 billion (exp. $42.9 billion). Cloud revenue came in at $3.44 billion (exp. $3.32 billion)

• Facebook reported Q3 EPS of €2.71 (exp. $1.91) and revenue at $21.47 billion (exp. $19.8 billion). However, user base in US and Canada dropped from 198 to 196 million

• Twitter reported Q3 EPS of $0.19 (exp. $0.06) and revenue at $936 million (exp. $777 million). However, daily active users at 187 million fell short of expected 195 million

• New Zealand job advertisements declined 9.9% QoQ in Q3 2020

• Japanese industrial production increased 4% MoM in September (exp. +3.2% MoM(

• French Q3 GDP report showed growth of 18.2% QoQ (exp. +15.4% QoQ)

• CHF and JPY are top performing major currencies while NZD and GBP lag the most

Another record in daily coronavirus cases was reported yesterday. Source: worldometers, XTB