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Daily summary: Rising COVID-19 cases hit global equities
26 October 2020
• Europe imposes new restrictions as COVID-19 cases soar • Average daily new coronavirus cases in US hit all-time high • Libya's NOC lifts force majeure on last oilfield   European indices finished today's session in red as second wave of COVID-19 infections surges across the continent. Spain and Italy announced stricter lockdown measures over the weekend, while France reported record number of new COVID-19 cases. German Chancellor Merkel is considering a "lockdown light" whi...
Hasbro stock fell 10% despite strong Q3 results
26 October 2020
Hasbro (HAS.US) stock plunged today despite the fact that company reported better than expected quarterly results. Toy maker earned $1.88 per share on revenue of $1.78 billion while analysts' were expected earnings of $1.63 per share on revenue of $1.74 billion. E-commerce revenue jumped 50%. Revenue in the U.S. and Canada climbed 9%, although international sales missed expectations. However, overall sales declined 4% year over year. Furthermore weak performance of the TV, film and entertainmen...
BREAKING: Turkish lira hit another record low
26 October 2020
For the first time in history Turkey's lira fell to a fresh record low past of 8.0880 per USD after President Erdoğan challenged the US to impose economic sanctions after Turkey confirmed on Friday it had been testing the S-400 air defense systems that it bought from Russia. "Whatever your sanctions are, don't hesitate to apply them," Erdoğan said in a speech on Sunday. “You told us to send back the S-400s. We are not a tribal state, we are Turkey.” Also disagreement between Turkey and Greece ov...