Skip to content Skip to footer
S&P 500 reacts to U.S consumer price increase

S&P 500 records new high, despite record COVID deaths – 3rd December

Another day, another record high for indices in the U.S., as Thursday saw both the S&P 500 and NASDAQ hit new all-time highs.

These feats came despite the news that close to over 2,800 coronavirus deaths were recorded in the United States on Wednesday.

During the first wave of COVID-19 cases, it was reported that just over 2,600 deaths had occurred on April 15th, however today’s figures eclipse those seen in the Spring.

The markets overall seem optimistic at the prospect of a vaccine being on the market as soon as next week, with the UK the first nation to approve the use of a vaccine. Markets now wait to see if the U.S. could soon follow suit, as early as next week.

U.S. Initial Jobless Claim decline

Data released in the U.S. today showed that Initial Jobless Claims had fallen, despite a new surge in COVID-19 cases.

The number of Americans applying for state benefits had surprisingly increased in the past few weeks, however last week’s data fell significantly below the expectations.

Claims decreased to 712,000 for the week which ended November 28th.  Significantly less than the 775,000 figure markets had forecasted.

Many believe that the decline could be attributed to the Thanksgiving holidays, where many public offices were closed.

Source: CBS News

EU optimistic on Brexit deal

With 28 days left before time runs out for the EU and UK to reach a trade agreement, every day seems to provide a new perspective on the progress of talks.

Yesterday the UK warned that a no-deal could be inevitable, however today has seen the EU slightly more optimistic on a potential agreement.

Today, Irish Foreign Minister Simon Coveney stated that, “It’s the time to hold our nerve and trust (Barnier). And I believe if we do that, there’s a good chance that we can get a deal across the line in the next few days”.

After months of delays and push backs, both sides have blamed the other for the failure to secure a deal so far.

Quote of the day – “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.”

Mark Douglas

To stay up to date with the markets we encourage traders to view our Trade Gate Hub for more real time insights into Crude, Gold and many other markets.

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

TVM Global Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C.

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.