Weekly

The cumulative number of infected people in novel coronavirus is close to 29.12 million, and the number of confirmed deaths exceeds 920,000. In the United States, about 25,900 people were diagnosed with new pneumonia yesterday.

The cumulative number of infected cases exceeded 6.70 million, continuing to be the country with the largest number of infected cases in the world, while the epidemic situation in India continued to deteriorate, with 93,200 new cases and more than 4.85 million cumulative infected cases yesterday.

Last week, AstraZeneca, a British pharmaceutical company, announced that in the third phase of the clinical test of the COVID-19 vaccine jointly developed with Oxford University, the pharmaceutical company responsibly stopped the clinical trial because of a serious reaction from a female participant.

However, after investigation by relevant departments, the test has been resumed. From the discovery of novel coronavirus in China to the global pandemic, the human lives and even the economic losses caused are really huge, and the whole world is paying attention to when the new vaccine will be officially launched.

The second round of American epidemic relief plan, which was originally announced in August, was deadlocked. Last week, a new round of voting was held in the US Senate. Although the new plan was supported by most members, the bill was finally rejected because it failed to reach the required 60 votes.

Some economists said that apart from the political power of the two major parties in the United States, the exuberant stock market in the United States may also paralyze some senators, making them unable to see the emergency clearly, warning that the later the bail-out measures are introduced, the finer the effect will be.

However, the US economic data released last week were mixed. The number of people applying for unemployment benefits for the first time last week was 884,000. Although it was slightly higher than expected, it was lower than 1 million for the second consecutive week, indicating that the employment situation in the United States has improved but the momentum is still weak.

In August, the producer price index of the United States increased by 0.3%, while the core consumer price index of the United States increased by 0.4%, both of which were higher than those in July, but they were far from the 2% inflation rate allowed by the Federal Reserve.

It is expected that the Federal Open Market Committee interest rate agreement announced on Thursday will remain unchanged. Geopolitics is still tense, with "warning shots fired" on the Sino-Indian border, and the United States will send more officials to visit Taiwan officially.

The "One China" principle adhered to by China has been completely abandoned by the US, and the situation in the South China Sea is even more tense. If the Cold War turns into a hot war, it may get out of hand.

The European Central Bank said that the growth of the euro economic zone is as expected, and it has no intention of regulating the recent strength of the euro. The US dollar index once weakened, and with the tense geopolitical atmosphere, the price of gold rose to 1965 US dollars per ounce last week.

However, the US economic data released by the United States last week showed that the economy improved slightly, which dragged down the increase, closing at $1,940 per ounce, up $6 a week.  

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