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Top 5 things to watch in Thursday's financial market | November 19, 2020

Top 5 things to watch in Thursday’s financial market | November 19, 2020

  • Update Time : Thursday, November 19, 2020
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Top 5 things to watch in Thursday's financial market | November 19, 2020
Top 5 things to watch in Thursday's financial market | November 19, 2020

MarketDeal24.Com – Here are five things to keep in mind in the financial market on Thursday, 19th November:

1. Increase in the number of corona infections; School closed in New York

The death toll from the corona in the United States has so far exceeded 250,000 and strict sanctions are being imposed in various states and cities.

A record 69,000 people have been hospitalized with corona, the highest death toll since May.

Government schools in New York City have been declared closed from today. Such measures were taken in the early days of the Corona epidemic and caused extensive damage to the country’s economic activities.

The situation in Europe is slowly improving, with hospital admissions in France declining.

2. Jobless claims report will be published today

The U.S. unemployment claim report will be released today at 8:30 a.m. Eastern time. Where the effects of the corona virus can be seen in today’s report. Preliminary claims are that this week’s unemployment claim will be at 707,000, up from 709,000 last week.

The Philadelphia Federal Reserve’s monthly business survey will be published at the same time. The Kansas City Federal Reserve will also speak at 11 a.m. today.

Between these two, the October home sales report will be published.

3. US stock markets are down

The US stock market is set to start the day on a downward trend today after being down on Wednesday. The stock market is collapsing for fear of being economically damaged in the fourth quarter as a result of continued coronavirus infections.

At 6:30 a.m. Eastern time, the Dow 30 futures were down 128 points, or 0.4%, the S&P 500 futures were down 0.4% and the Nasdaq futures were down 0.5%.

4. Central banks rush

Turkey’s central bank has raised its one-week lending rate by 465 basis points. The bank’s new governor is ready to take all necessary steps to increase the value of the worst-performing currency this year.

The Turkish lira fell to a record low against the US dollar in early November. At present it has increased by 1% and stands at 7.693.

Indonesia, meanwhile, has cut interest rates to record lows. As a result, the US dollar rose 0.6% against the rupee.

5. Decrease in oil price

Oil prices have begun to fall again as global demand has declined. In addition to the United States, a record number of coronavirus infections have been reported in Russia. Meanwhile, the death toll in the UK has reached its highest level since May. In Germany, more than 22,000 people are infected with corona in a single day.

6:30 a.m. Eastern time U.S. Crude traded down 1.2% at $41.53 a barrel, while Brent futures traded down 0.8% at $44.06.

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