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The S&P 500 stock index is once again approaching its highest range in anticipation that the US Congress will put together economic measures. It appears that Congress will need to provide the public with a “Christmas present” so that consumer and business confidence does not freeze before the new coronavirus vaccine becomes widespread. Here are five news items to watch out for as you start your day.
Modern too
The United States Food and Drug Administration (United States Food and Drug Administration) said that the new coronavirus infection (COVID19) vaccine developed by US Moderna is safe and effective in preventing infection when inoculated by people over 18 years of age.FDA) He showed himself personal. The FDA Advisory Board will meet on the 17th to recommend approval of the Moderna vaccine before the final FDA decision is made on the Rapid Emergency Permit (USA) for the second new Corona vaccine in the United States. Whether to vote or not.
To the Secretary of Transportation
Next US President Byden Tells Transportation Secretary Pete, Former Mayor of South Bend, IndiaI decided to appoint Mr. Buti Jedge. A person familiar with the situation revealed. Buti Jedge was one of the hottest candidates in the 2020 Democratic Preliminary Round of the Presidential Elections. According to the Human Rights Campaign, a human rights organization, he will be the first minister to publicize homosexuality.
FRB also participates
The US Federal Reserve Board (FRB) saidIt has announced that it has officially participated in the Network of Financial Authorities (NGFS) on Climate Change Risk. He became a member of an international initiative in which the Central Bank cooperates to better understand the risks of climate change for the economy. The NGFS requires its members to participate in the Paris Agreement, an international agreement on countermeasures against global warming, and the next President Byden has pledged to return to the Paris Agreement.
Stock sale sign
Bank of America (BofA)According to a survey of fund managers, the cash ratio fell to 4% on optimism that economic growth would return. Meanwhile, stocks and commodities called “risky” assets have been the most bullish since February 2011. BofA warned that the sharp drop in cash holding was a signal to “sell” stocks.
Black swan candidate
Standard Chartered is a candidate for next year’s “Black Swan”. (1) The Democratic Party wins the final vote in Georgia and takes the majority in the Senate. Rise (3) Economic overheating due to monetary and financial measures, copper rises 50% (4) Crude oil falls below $ 20 per barrel due to the real collapse of the Organization of the Petroleum Exporting Countries (OPEC) (5 ) European financial measures fail, Euro falls to $ 1.06 (6) United States Treasury secretary abandons strong dollar policy, dollar plummets 15% (7) Emerging market bond defaults and sovereign ratings downgrades send emerging market stocks down 30% (8) Chairman Byden Resigned and US stocks made sharp adjustments.
Other hot news
President Putin finally congratulates Mr. Byden-Confirmed victory in US presidential elections.
US Republican McConnell Acknowledges Election Results For The First Time: “Congratulations” To Mr. Byden
New York City, fear of heavy snow for the first time in 10 years in December: snowfall since the afternoon of 16
