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19 October 2020
5 min read

The Opening Belle

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Risk sentiment has ticked higher to start the week.

Australia's ASX & Japan's Nikkei both up around 1%, and U.S futures well in the green too.

European futures point to a positive open, with the market looking beyond new Covid restrictions for now. Eurostoxx futures +0.4%.

Chinese data overnight: GDP 'disappointed', but retail sales picked up.

Overall, a very positive data set.

GDP missed the forecasts, coming in at 4.9% YoY vs 5.2% forecast.

It is still heading in the right direction, and means the economy has now grown 0.7% so far this year.


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