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Snowflake = Biggest ever software IPO

The hotly-anticipated Warren Buffet-backed IPO of Snowflake happens today and it’s expected to be the biggest software IPO ever.

Trump hospitalised by COVID-19!

US President Donald Trump has contracted the COVID-19 coronavirus- adding to the uncertainty of the upcoming US election. The dollar gained as haven while stocks dropped on Friday but finished the week higher.

Bitcoin rally picks up steam

Bitcoin has rallied another $800 from yesterday’s break of $12,000. The British pound hit a monthly high, rallying 200 pips after trade talks resumed. Tesla reported a 5th consecutive quarterly profit after the close of another soft day in equity markets.

Euro STOXX 50 falls to 3-month low

There was some relief to the risk-off mood on Thursday with reversals across the board. The dollar dropped, major FX and gold gained while tech stocks recovered alongside Bitcoin. Cryptocurrencies got an extra boost from talks of European regulation.

Stocks surge in erratic trading

Markets are trading in an erratic manner with all the uncertainty around the US election. Renewed stimulus hopes powered a 500 point rally in the Dow Jones. The dollar slid after dovish FOMC minutes. Today there is ECB minutes and jobless claims data.

Gold drops 2% after IMF asset price warning

The US dollar gained ground while stock markets dipped as some of Monday’s optimism came out of the market. The IMF warned financial markets could see a ‘sharp adjustment” while Johnson & Johnson paused its vaccine trial.

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