Daily Archive: November 13, 2020

As COVID cases spike, all eyes are on this streaming giant

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Happy Friday the 13th, Bull Sheeters. Global stocks are faltering as we close out the week, with energy weighing on overseas markets. U.S. futures, however, are gaining ground this morning with Disney shares surging in pre-market trading after the entertainment giant posted impressive streaming numbers after the bell.

Meanwhile, investors are warily eyeing a brutal second wave of COVID cases on both sides of the Atlantic.

Let’s check in on the action.

Markets update

Asia

  • The major Asia indexes are down in afternoon trading with Japan’s Nikkei off 0.5%.
  • Here’s a juicy detail about how the mysterious last-minute cancelation of Ant Group’s IPO went down. It was ordered by none other than President Xi Jinping, the Wall Street Journal reports.
  • President
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Global stocks flatline, bond yields slide as caution replaces vaccine euphoria By Reuters

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© Reuters. FILE PHOTO: A monitor shows Nikkei stock index at a foreign exchange trading company in Tokyo

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By Sujata Rao

LONDON (Reuters) – Global shares flat-lined on Friday as rising U.S. and European COVID-19 hospitalisations tempered the euphoria over a promising vaccine, though Wall Street looked set for a firmer open on news president-elect Joe Biden was set to cement his election win.

U.S. futures rose 0.5% by 0.830 GMT after Edison Research projected Biden to capture the battleground state of Arizona, further weakening President Donald Trump’s efforts to overturn the results of the Nov. 3 election.

However, the pan-European was down 0.2%, just above its opening levels. MSCI’s all-country equity index slipped 0.1%

“You had the news overnight in the U.S. on COVID, which is not that good and that … provides an opportunity for investors to book some profit post-Pfizer and post-U.S. elections,” said Francois

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