* Airlines, hotel stocks down on fears of pandemic-led curbs. * GE jumps on surprise profit, positive cash flow. * Boeing (BA) dips after quarterly results. * Indexes down: Dow 1.61%, S&P 1.68%, Nasdaq 1.97% By Medha Singh and Shivani Kumaresan.
German Finance Minister Olaf Scholz is planning to take on much more debt than initially planned next year to finance new coronavirus aid measures, a government source said on Wednesday.
The Bank of Canada left its key interest rate unchanged at a record low 0.25% on Wednesday, the central bank said in a statement. Bank of Canada Governor Tiff Macklem said in July that the rate would stay at 0.25% for at least two years as the economy slowly recovered from the coronavirus pandemic.
Saudi Arabia posted a budget deficit of 40.768 billion riyals in the third quarter this year, more than half its deficit in the previous quarter, as a spike in non-oil revenues offset a continued decline in oil income.
Canada's main stock index fell on Wednesday, weighed by energy stocks as a surge in U.S. crude stockpile and rising coronavirus cases in the United States and Europe raised fears of a supply glut and weaker fuel demand.
The Cboe Volatility Index, known as Wall Street's "fear gauge," surged on Wednesday to its highest level in nearly two months. In morning trade, the VIX was last at 37.28, its most elevated since Sept. 4, as the benchmark S&P 500 stock index fell nearly 2% amid worries about the sharp rise in COVID-19 cases in the United States and Europe.
The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, fell on Wednesday, pulled down by decreasing rates of capesize vessels. * The Baltic index fell 29 points, or 2.1%, to 1,384. * The capesize index slipped 88 points, or 3.9%, to 2,156.
Energy stocks weighed Canada's main stock index at the open on Wednesday, as a surge in U.S. crude stockpile and rising coronavirus cases in the United States and Europe raised fears of a supply glut and weaker fuel demand. * At 9:31 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 201.91 points, or 1.26%, at 15,819.03.
The Canadian dollar weakened to
a three-week low against its U.S. counterpart on Wednesday, as
investors worried that rising coronavirus cases would slow
global economic recovery and ahead of an ...
- The S&P 500 and the Dow hit their lowest levels since late-September on Wednesday as coronavirus cases surged globally and fears of a contested U.S. presidential election next week added to worries.
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