4th December 2020

  • New Stimulus Plan Gets More GOP Interest; McConnell Holds Back

Pelosi, Schumer urge using $908 billion plan as base for talks

Stalemate over Covid-19 relief has lasted since summer

https://blinks.bloomberg.com/news/stories/QKS2YZDWX2Q0

  • Dollar Bears Vindicated by Landmark Week as Drop Accelerates

Aussie surges to highest since 2018, pound breaks key level

Goldman Sachs, Morgan Stanley, Citigroup all see weaker dollar

https://blinks.bloomberg.com/news/stories/QKS8GHT1UM15

  • U.S. Jobless Claims Drop, Offering Ray of Hope for Labor Market

Benefits applications remain well above pre-pandemic levels

Further improvement threatened by surge in coronavirus cases

https://blinks.bloomberg.com/news/stories/QKRPF3DWLU6Q

  • OPEC+ Clinches Compromise on Gradual Easing of Output Cuts

Deal comes after days of tense talks that exposed new rifts

Some members saw a fragile market, others wanted to open taps

https://blinks.bloomberg.com/news/stories/QKSOQNDWRGG7

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