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Market Recap – The Kentucky omen

Wednesday, November 6, 2019 10:16 AM GMT

Yesterday’s Kentucky elections, a state where President Trump recorded a 30% points victory in 2016 presidential elections, were won by the Democratic candidate. Democrats additionally won both chambers of Virginia, a state that did not vote Trump in 2016. The chambers were previously controlled by Republicans. The Republicans maintain their control on Mississippi, and the Democrats maintained their control in New Jersey.

Macro releases: Earlier today, the German Factory Orders m/m were far greater than expected, favoring the scenario that the worse is over for manufacturing activity. The EU service PMI, the EU retail sales, the US unit labor cost and Crude oil inventories are the key macro releases of the day.

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