Good afternoon
European banks are getting a hammering today, following this money laundring report - if it´s true, it will cost them a lot of money, and some more heads will roll! This, the Supreme Court fight in the US, and incrasing corona numbers everywhere are depressing equities! US banks are also down 4-5%
The US$ is strong at a recent high of 1,174 Euro, dragging gold down, which is trading at 1899 US$ ( after being as low as 1882 ) and at 2635 A$/oz. The same applies to the base metals - down by 1.5-and 3%.
Commodity investors are awaiting the Tesla-battery day tomorrow with interest!
There really is not much to report today otherwise…
Have a nice evening
WS