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Global Markets: Trump, wife test positive for COVID-19

Uncertainty over U.S. election, governing

By MarketsFarm

WINNIPEG, Oct. 2 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– United States President Donald Trump tweeted on Friday that he and his wife, First Lady Melania Trump, were diagnosed with COVID-19. Trump is considered a high risk given he’s 74 years old and overweight. With just over a month left in the U.S. election campaign this could create a great deal of uncertainty regarding the election and the governance of the country. The Trumps were reported as feeling fine and at the White House, with the president said to be carrying out his duties. The Trumps were tested after a senior aide recently contracted COVID-19. The news quickly saw a downturn in the global markets, including crude oil.

– Armenia announced on Friday that it’s prepared to enter ceasefire negotiations to bring its war with Azerbaijan over the disputed Nagorno-Karabakh to an end. The two Caucus region countries have been fighting for almost a week, with mounting casualties. The negotiations would be handled by the Minsk Group, an arm of the Organization for Security and Co-Operation in Europe (OSCE), with the talks led by France, Russia and the U.S. However, Azerbaijan has yet to announce its position regarding a ceasefire, but said its forces made advances against Armenian troops.

– The extradition hearing in the United Kingdom for WikiLeaks founder Julian Assange wrapped up on Thursday, with the judge stating she will deliver her verdict on Jan. 4. Assange is wanted in the U.S. for allegedly “obtaining and disclosing classified documents related to national defence.” His lawyers argued the charges are politically motivated. Legal experts believe when the verdict is delivered the losing side will appeal.

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