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US stock indexes had their sharpest drop in weeks, with the Dow closing down 2.3%, as surging Covid-19 cases raised concerns about economic damage. European markets also fell after new restrictions, and travel and energy shares took the heaviest losses.
Rising virus cases and renewed restrictions weigh on economic growth and energy demand, which can pressure crude and related commodity prices. The direct impact on feed commodities is limited.
bbc.comAdd as preferred on GoogleOct 26, 2020After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
