Pavan Sharma

US economic output (GDP) rebounded at a stronger than expected +33.1% annualised rate in the July to September period following the -31.4% decline in the 2nd quarter. The faster rate of expansion was better than economist expectations (+32%) but still lea

The Stoxx 600 European market index fell to a 5-month low, losing -3% as German Chancellor Angela Merkel reached a deal for a one-month partial lockdown to curb the spread of the virus.

The Nasdaq rose ahead of results from mega-cap technology companies and after Advanced Micro Devices announced a $35bn takeover of another chipmaker.

While large, we would put the overnight moves in context – markets are generally still in positive territory for the month and it is very early to panic. There is likely to be continued volatility as we head into the US election in a weeks time.