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The week in review: Markets buoyant following US election but economy remains turbulent

by LLB Finance Reporter
10th Nov 20 3:18 pm

As the financial markets continue to experience volatility amidst the reaction to the US election result and the ongoing COVID-19 pandemic, here are the most rising and most falling instruments on AvaTrade’s retail trading platform over the past week:

Most Rising

Instrument                         Previous Week Change (%)

Twitter                                               20.00%

VXXB                                                   15.50%

Natural Gas                                      13.10%

BCHUSD                                             9.00%

Alibaba                                               8.60%

Most Falling

Instrument                         Previous Week Change (%)

Uber                                                   -18.40%

Cannabis Index                                -17.30%

Saipem                                               -16.50%

Intesa Sanpaolo                               -14.60%

Credit Agricole                                 -11.70%

Naeem Aslam, Chief Market Analyst at AvaTrade said, “In the wake of the US election result, markets were buoyant and Twitter was the main player in riding the wave. With a 20% increase, the social media company comfortably led this week’s most rising table.

“Natural Gas stock also continues to prove its durability as it spends a second week in the most rising table, and it is joined by VXXB, the cryptocurrency pairing BCHUSD and Alibaba.”

“Meanwhile, Uber’s business continues to suffer from the impact of the coronavirus pandemic as its share prices decline by 18.40%. Major European corporations are also feeling the effects of a turbulent economy as Saipem, Intesa Sanpaolo and Credit Agricole join Uber in this week’s most falling table.”

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