The market closed lower for a second consecutive session on October 30, the first day of the November series. Traders now keenly await direction from the US elections slated next week and clarity on the looming threat from the second wave of coronavirus cases across the US and Europe.
The world is still unaware of whether the degree of the second wave is the same effect as the previous. The consensus says we don’t see much impact from the second wave.
We expect markets too volatile on both sides as US elections fever is there for the week.