Daily Archive: October 19, 2020

Move over tech stocks. This emerging sector is now fueling the equities rally

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Good morning. Global stocks and U.S. futures are starting the week on strong footing with plenty of green on the screens from Tokyo to London. Solid Chinese economic data and a new stimulus deadline are supporting the risk-on mood. Meanwhile, looking back over the past month, we analyze the big run by consumer discretionary stocks.

Let’s see where investors are putting their money.

Markets update

Asia

  • The major Asia indexes are mostly higher in afternoon trading with the Nikkei up 1.2%.
  • China’s 3Q GDP grew 4.9%, slightly off economists’ expectations. But the strong pick-up in retail sales bodes well for a steady economic recovery.
  • Time to ditch quarantine? That’s what IATA thinks. The world’s airline trade body is pushing for an alternative to
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Bulgarian circus defies odds during COVID pandemic By Reuters

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© Reuters. Artists perform at Circus Balkanski in Sofia

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By Tsvetelia Tsolova

SOFIA (Reuters) – Sitting in his caravan in downtown Sofia, Alexander Balkanski, a former acrobat and trapeze artist and the founder of Bulgaria’s largest circus, swings between hope and despair as he counts the emotional and financial costs of the COVID-19 pandemic.

This year Balkanski, 78, had hoped to celebrate the 200th anniversary of his family’s involvement in circus and the 20th birthday of Circus Balkanski, but the lockdown has drastically curtailed the season, which usually runs from April to November.

Balkanski mortgaged his home to raise 250,000 euros for a new tent ordered to mark the anniversaries. He had to re-arrange his programme six times amid accumulating bills and artist cancellations, and the circus only opened its doors on Sept. 1.

“All over Europe circuses are on their knees, including us,” said Balkanski, whose family

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