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Libra leaned on Biden’s side yesterday after the Democratic candidate won in Wisconsin and Michigan, where in 2016 he defeated D. Trump. Betting companies currently estimate the probability of Biden’s victory at around 90 percent. The share price rally continued on U.S. stocks yesterday: the S&P 500 was up 2.20 percent, the Dow Jones was up 1.34 percent, and the NASDAQ tech sector was up 3.85. percent. In addition to the technology sector, stocks in healthcare companies were the ones that rose the most.
Biden’s victory in the US presidential election would mean a bigger budget package to boost the Covid-19-hit economy, but the size of the stimulus could be limited by the Democratic candidate’s unsecured victory. Additionally, Democrats may fail to take control of the Senate. With the likelihood of a large wave of declining loans, buyers also dominated the 10-year American bond market yesterday. Securities yields fell 14 basis points to 0.76%. This is the lowest level since April.
A small preponderance in the election is likely to mean that there will be no rush to repeal the tax cuts introduced by Trump, which is good news for the stock market. Today at 9 pm Eventually, the Fed will announce monetary policy decisions and no changes in interest rates are expected.
Bank stocks rose on the Baltic stock exchanges. The share price of Šiauli precio bankas rose 2.38 percent yesterday. LHV Group – 2.08 percent. (turnover – 370.4 and 91.0 thousand euros, respectively). Tallink Grupp shares, which reported a significant drop in transport indicators on Tuesday, stood out with a negative variation (-1.65%).
This morning of 2020. The results of the third quarter of 2019 were presented by the construction company Merko Ehitus: revenue compared to the same period in 2019. period, increased by 8.6 percent. (to € 7.7 million) and operating profit increased from € 2.3 million to € 5.2 million. euros.
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