coffee cup

The Monday Mix: Nov. 2 – Nov. 8, 2020

Headlines discussed at LNWM’s Monday morning briefing:

Pfizer says early analysis shows its Covid-19 vaccine is more than 90% effective; Pfizer expected to seek U.S. authorization this month for emergency use with a possibility of regulatory decision by December.

Nonfarm payrolls increased by 638K and unemployment rate was at 6.9%, exceeding expectations of 530K jobs added and an unemployment rate of 7.7%.

The FED voted to keep short-term borrowing rates anchored in a range between 0%-0.25%; Fed officials have been vocal about the need for more fiscal and possibly additional monetary support, but this week’s meeting yielded no new policy initiatives from the Fed.

Manufacturing PMI at 59.3 in October 2020; with the overall economy notching a sixth consecutive month of growth.

Italian regions lock down and Paris tightens rules as Europe smashes virus records; Greece, Denmark, Sweden and Norway among the new group of countries announcing lockdown measures.

Disclaimer: Clicking on any of the above links will take you away from the Laird Norton Wealth Management web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.