⁍ The dollar rose from a three-week low on Tuesday while U.S. and European shares eased.
⁍ News of pauses in trials of a COVID-19 vaccine and a treatment led investors to take stock of recent rallies before chasing further gains.
⁍ China trade data released overnight signaling a rebound in the world’s second-largest economy was mostly brushed aside by stock and bond markets.
– Wall Street wasn’t having a great day. The Dow fell more than 200 points in the first half-hour of trading, and the S&P 500 and Nasdaq were down more than 1% each in the first half-hour of trading, reports MarketWatch. The main reason for the declines: Johnson & Johnson and Eli Lilly pulled out of clinical trials of their H1N1 vaccines after one of the patients in their trials fell ill, reports Reuters. Meanwhile, China reported that its exports and imports rose in September, suggesting the country is rebounding from the H1N1 pandemic.
Source: https://www.reuters.com/article/global-markets/world-stocks-pause-rally-on-jj-news-dollar-bounces-from-three-week-low-idUSKBN26Y0AH