Weekly Market Outlook made by Finance Club UoM - Research Team

As November ending and the second wave of COVID-19 pandemic goes on, the US unemployment rate has unexpectedly increased again for a second week in a row, having around 778,000 individuals applying for state unemployment benefits and government support. Hence, the US GDP increased by 33.1% in the third quarter of 2020, compared to the 31.4% reduction rate in the second quarter.  The U.S. Treasury 10-years yield has increased 2,18% since the last week in comparison with the EU government yields which decreased rapidly. Germany’s GDP grew 8.5% in the third quarter, which is up by 0.3% than it was estimated earlier this year...

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Finance Club UoM - Research Team