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Senate leader McConnell: Democrats repeatedly blocked it al

Senate Majority Leader Mitch McConnell has stated that the Republicans have tried for weeks to pass another targeted rescue package. It would send hundreds of billions of dollars to schools, unemployment aid, another round of the job-saving PPP, and healthcare. Democrats repeatedly blocked it all. Let's hope they let us make law soon.

Market implications

Partly due to an elusive rescue package, there is a fair bit of risk-off taking place in markets today, tracking a lower Wall Street session as concerns over rising coronavirus cases and fresh lockdowns dampened the euphoria from vaccine trial breakthroughs.

When America sneezes the rest of the world catches a cold. 

Japan's Nikkei 225 futures NKc1 fell 0.35% and is trading in the cash down over 1% and losing 285 points in the first hour of trade.

 

Japanese FinMin Aso: Continue to target balanced budget by FY 2025

Finance Minister Taro Aso, who said that the coronavirus outbreak in Japan was getting more contained in October while underscoring the importance of
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AUD/USD drops further below 0.7300 as downbeat Aussie data joins risk off mood

AUD/USD takes offers around the intraday low of 0.7271, down 0.34% intraday, during the early Wednesday. The pair recently reacted to the disappointin
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