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It has been revealed that Brenard, head of the US Federal Reserve Board (FRB), has been told that the officials of the next president, Byden, will remain within the FRB. This further lowered the expectation that he would be appointed as the next Secretary of the Treasury, but could also lead to the FRB replacing President Powell. With Janet Jellen expected to become the next Secretary of the Treasury, two women are likely to take the lead in America’s monetary and financial policy in the near future. Here are five news items to keep in mind as you start your day.
Alternative writing
President Trump has nominated most of the current FRB members himself,Brainard is the only Democratic member nominated by former President Obama and may be the leading candidate to replace him when Powell’s term ends in 2022 The next President Byden becomes Finance SecretaryThe Dow Jones (DJ) news agency reported that it plans to name former FRB president Yellen.
British vaccine
New coronavirus infection (COVID19) developed by the University of Oxford and Astra ZenecaThe vaccine is a preliminary analysis of the data, with an average efficacy of 70%. But when half the dose is given in the first dose and the full dose in the second dose, the efficacy increases to 90%, approaching the levels achieved by Pfizer and Moderna. Unlike vaccines from these two companies, vaccines the size of Astra and Oxford have the advantage of staying at refrigerator temperature.
Abuse of procedures
Carlos, former president of Nissan Motor Co., Ltd.Regarding Gone’s detention in Japan for nearly 130 days, the UN Human Rights Board Working Group on Arbitrary Detentions said: “Repeated arrests and detentions have no legal basis under international law, justice. It was an abuse of procedures beyond the authority of the Tokyo District Prosecutor’s Office. ” The decision to arrest four times to extend the detention period was “fundamentally unfair” and he said he would report the matter to the UN special reporter.
Nice contrast in Europe and America
The preliminary US Purchasing Managers Index (PMI) preliminary figure released by IHS Markit in November was 57.9,It showed that US corporate activities have expanded at the fastest pace since March 2015. It showed that the service industry and manufacturing industry are gaining widespread momentum even as the new crown reappears. on the other hand,The Eurozone PMI stood at 45.1, showing a reversion to reduced activity. Due to the suspension of operations in the bar, restaurant and hospitality industries, the service industry fell dramatically.
Impact of rebalancing
The view that the transfer of funds through rebalancing may cause about $ 300 billion (about 31.13 trillion yen) out of global stocks by the end of the year.Shown by JP Morgan Chase. Large multi-asset investors may need to allocate money from stocks to bonds, as stocks rose sharply earlier this month. Large investors include balanced investment trusts with a portfolio strategy of 60% stocks and 40% bonds, as well as the Independent Administrative Institution for the Management and Management of Pension Reserves (GPIF).
Other hot news
Trump Administration Considers New Hardline Measures Against China, Joint Retaliation-DJ Measures
Merck acquires a biopharmaceutical company for 44 billion yen and acquires a new drug candidate Corona
Oil tank fire in Saudi Arabia, Jidda is a terrorist attack
