What Happened in the Markets on Wednesday?

What Happened in the Markets on Wednesday? Since early 2020, the markets have been heavily affected by the coronavirus epidemic and political developments. While the imbalance in the markets continues due to the epidemic, developments around the world also greatly affect this imbalance. So what happened in the markets on Wednesday? We have compiled the 5 most important developments that took place in the middle of the week for you. Here are the details. The most important developments in the financial markets on Wednesday, September 30 are as follows:   1- First Live Broadcast Discussion The first live broadcast discussion of the US 59th Presidential Elections, which will take place on November 3, took place. The current US President Donald Trump and Joe Biden, nominated by the opposition party, displayed all their trump cards in the live broadcast that took place in the evening. The main topics of the first live broadcast debate were the Supreme Court, the coronavirus epidemic, the economy and urban police violence and anti-racist protests. Claiming that Donald Trump was the cause of the separation, protests and impoverishment in the US, Joe Biden's words were interrupted by his opponent 73 times during the few hours of the debate. Trump has not been able to suppress Biden in the form of too many blunders and brain-freezing statements he made on social media in recent weeks. Biden, who managed to get through all of Trump's moves, was also unable to deal any hard blows. However, considering Biden's leadership in the surveys, it is highly likely that the two will be satisfied with an event where they only neutralize each other. Investors have not learned anything new regarding the agendas of either candidate. On the other hand, Trump at one stage re-mobilized doubts about his willingness to admit defeat by instructing right-wing militias to "be ready" to contest the outcome.   2-Disney and Shell Firing Thousands While Europe and North America were preparing for the harsh winter of the coronavirus, companies began to behave more hasty and more ambitious due to their cost reduction plans. While Walt Disney theme park announced that it will lay off 28,000 employees involved in retail and cruise operations, Anglo-Dutch oil company Royal Dutch Shell, 9,000 announced that he would lay off his employee. Following these reports, Walt Disney shares fell by 2.4 percent, while Shell stock fell slightly by 0.3 percent. This performance of Shell is described as somewhat superior performance compared to the general market of Europe.   3- Stock Markets Will Fall; GDP and ADP Data Awaited Stocks in the US will start the day on a decline after a bad advertisement about American democracy is reminded investors whether the risk of the November 3 presidential election is something for emerging markets. Disney's news of layoffs pointed to much more difficult days to come for the labor market. The Dow Jones index fell 231 points, the S&P 500 index fell 0.7 percent and the Nasdaq fell 0.8 percent. Investors will highlight the GDP figures recorded in the second quarter of this year and the ADP's monthly private employment survey. However, the cyber security firm Palantir, which sets a reference price of $ 7.25 for its share and has a value of around $ 16 million, will be released.   4- The Imprint of ECB to Follow the Fed When Christine Lagarde concluded her assessment of the monetary policy strategy for 2021, she hinted that the European Central Bank (ECB) will follow the Fed with a formal commitment to exceed the traditional 2 percent target for inflation. The statements made by Lagarde emerged in an environment where high-frequency data sounded better than predicted: German retail sales rose 3.1 percent in August and the July figures were revised. French consumer spending also exceeded the expectations of a 2.3 percent increase in August. The euro was recorded as $ 1,1709 with a 0.2 percent depreciation. China's purchasing managers index showed that the recovery is still continuing after the outbreak lost its effect, however, it weakened again after the great recovery it saw over the summer.   5- Oil Prices Decreased Crude oil prices saw their lowest levels after two weeks, as stock markets failed to provide a clear response to the election debate, with the perception that a controversial outcome for the US election could eliminate the uncertainty that occurs every 4 years and greatly affects the markets. West Texas crude oil (WTI) fell 1.2 percent to $ 38.84, while Brent oil fell 1.3 percent to $ 41.01. Prices did not increase after the report announced by the American Petroleum Institute (API). The API report noted a drop of 831,000 barrels over the past week, despite an expectation of 1.4 million barrels of increase. Government data will be released at the usual time.