Equities consolidated on Thursday as the deluge of negative COVID-19 headlines were overshadowed by reports that US regulators will relax the Volcker Rule and allow banks to increase investments into venture capital funds and free up capital that would have otherwise been dedicated to derivatives trades. Risk aversion is in full swing with currencies extending their slide on Thursday after the US reported its single biggest increase in COVID-19 cases ever. Despite the Trump Administration’s attempt to downplay the risk of a second wave, the numbers tell a very different story. New virus cases in the three most ... (full story)