Donald Trump effectively acknowledged defeat in the presidential election. Albeit, he continues to tweet defiance. Janet Yellen will be nominated for Joe Biden’s Treasury Secretary. Bitcoin and Chinese equities experience a speculative surge. Stocks are set to rise on confidence in the outlook for next year. Trump Accepts Presidency Transition President Donald Trump implicitly acknowledged …
The dollar weakens and risk assets get a boost. These come after more positive vaccine news, this time from AstraZeneca. In the election front, a federal judge in Pennsylvania has thrown out a lawsuit. It was aimed at overturning the result of the U.S. presidential election. In stocks, U.S. stock markets are set for a …
Dollar Falls on Vaccine News; Judge Throws Out Trump’s Suit Read More »
The Federal Aviation Administration is set to allow Boeing (NYSE:BA)’s 737 MAX to fly again. Incumbent President Donald Trump’s nominee to the Fed board fails to get Senate support. Shelton Nomination to Fed Loses Footing Judy Shelton, President Donald Trump’s pick for the Federal Reserve board of governors, failed to gain enough support. She failed …
FAA to Clear Boeing; Trump’s Nominee for the Fed Fails Read More »
Incumbent President Donald Trump is approaching the departure lounge. China orchestrates a massive Asia-trade, the world’s biggest-ever trade deal. Stocks will rise as Moderna vaccine news allows investors to look through alarming numbers of the pandemic spread. Trump Almost Admits Election Defeat President Donald Trump is near acknowledging a defeat in the U.S. elections. Although …
Trump Almost Waivers, Asia Trade Deal, Stocks Set to Rise Read More »
Chinese stock market listings in the United States reached a six-year high this year. Advisors anticipate the trend to accelerate in the year ahead. This with the expectation of a stable regulatory regime under U.S. President-elect Joe Biden. This year, 26 initial public offerings (IPOs) of Chinese companies worth $10.6 billion were completed in the …
World stocks hit a record high on Monday after the United States election delivered a Democrat Joe Biden win. Anticipations of better global trade ties and stronger monetary stimulus under the new U.S. President-elect supported risk appetite. Last week, markets were trading on the prospect of a Democrat presidency and a Republican-controlled U.S. Senate. But …
Democrat candidate and former Vice President Joe Biden is on the verge of victory despite legal actions from President Donald Trump. The Federal Reserve’s policy meeting winds up as jobless claims are set for announcement. Stocks still favour the idea of a split Congress. The Bank of England expands its bond-buying and the European Union …
Biden Closer to Victory, Fed Meets, BoE Expands QE Read More »
Wall Street stock market was set to start the week on a dour note on Monday. Surging COVID-19 cases and a stalemate in Washington over the next fiscal aid bill cast down the economic outlook. This is in the run up to Nov. 3 presidential elections. New coronavirus infections touched record levels in the United …
Wall Street to Open Lower amid Virus Surge & Stimulus Read More »
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