READ N' GO - Daily News Recap

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READ N' GO - Daily News Recap

Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economy policies, political moves, global agendas and more.

BUT first, to start off your day with a bang, here's a recap of the important news we think you should recall, ICYMI yesterday!

  1. Canada's September manufacturing sales +1.5% versus +1.5% expected.
  2. Organisation of Petroleum Exporting Countries (OPEC)+ cut compliance slips to 96%.
  3. Moderna reports that coronavirus vaccine found to be 94.5% effective.
  4. Japan's industrial production data for September (final) +3.9% m-o-m and -9% y-o-y.
  5. China's activity data for October - Industrial production 6.9% (versus expected 6.7%) and retail sales 4.3% y-o-y (expected 5.0%).
  6. China October home prices +0.15% m-o-m (from +0.35% prior).
  7. U.K. data - Rightmove house prices for November -0.5% m-o-m (prior 1.1%).
  8. Japan's Gross Domestic Product (GDP) preliminary for third quarter: 5.0% q-o-q (versus expected 4.4%).
  9. Coronavirus weekend news: China-developed vaccine to enter late-stage trial.
  10. New Zealand services Purchasing Managers' Index (PMI) for October is 51.4 (prior 50.3).
  11. Nearly one-third of the world's population signs free trade agreement.

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