Daily Archive: October 21, 2020

Here’s what could happen to your portfolio in the case of a ‘no deal’ on fiscal stimulus

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Good morning. The so-called deadline for a stimulus accord came and went yesterday with no deal, and yet Nancy Pelosi remains “optimistic.” That assessment, as thin as it was, was enough to give the markets a meager boost on Tuesday. That enthusiasm is fading fast. U.S. futures are down this morning.

Let’s see what’s moving the markets.

Markets update

Asia

  • The major Asia indexes are mostly higher in afternoon trading with Hong Kong’s Hang Seng the best of the bunch, up 0.75%.
  • Some 60,000 people in China have now taken an experimental COVID vaccine, and so far none have reported any adverse side effects. The country is allowing citizens to take the drug even though it’s still in the trial phase.
  • Impossible
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Global powers push to end Nagorno-Karabakh fighting By Reuters

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© Reuters. A view shows a fragment of an artillery shell at the fighting positions of ethnic Armenian soldiers on the front line in Nagorno-Karabakh

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By Nvard Hovhannisyan and Nailia Bagirova

YEREVAN/BAKU (Reuters) – Armenia’s president headed to Brussels for talks with the European Union and NATO military alliance on Wednesday in a renewed drive to end the heaviest fighting since the 1990s over the mountain enclave of Nagorno-Karabakh.

As part of a wide diplomatic push from major global powers, the Azeri and Armenian foreign ministers also flew to Moscow for talks with Russia, which has brokered two ceasefires but failed to end clashes killing hundreds of people in the last month.

The warring sides’ foreign ministers then go to Washington for talks on Friday involving U.S. Secretary of State Mike Pompeo, which has raised hopes of a breakthrough.

Both sides reported new fighting on Wednesday in and

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